Intel Lower Despite ABN Amro Rating
Intel
(INTC) - Get Intel Corporation Report
was down 2.7% in preopen
Island
trading.
ABN Amro's
analyst repeated his add rating and 12-month target of $54 on the chipmaker "in the face of negative investor sentiment" on all PC-related stocks.
Other chip stocks were also down as computer maker
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Hewlett-Packard
(HWP)
sent shudders through the tech sector.
Applied Materials
(AMAT) - Get Applied Materials Inc. Report
was down 6% after
Credit Suisse First Boston
cut its 2001 earnings estimate to $2.85 from $3.25.
