(Bloomberg) -- Shares of Intel Corp., the world's
largest chipmaker, rose to their highest in 18 months after
Goldman, Sachs & Co. upgraded the company to ``buy'' and said it
will benefit from rival Advanced Micro Devices Inc.'s likely
decision to farm out production.
``Our discussions in Asia last week gave us increased
confidence that Advanced Micro will move to a mostly/fully
outsourced manufacturing model in 2008,'' Goldman Sachs analyst
James Covello wrote in a note today. This could be ``a
significant positive catalyst for Intel over the next 18-24
months,'' he wrote.
Read more at Bloomberg Stocks News
largest chipmaker, rose to their highest in 18 months after
Goldman, Sachs & Co. upgraded the company to ``buy'' and said it
will benefit from rival Advanced Micro Devices Inc.'s likely
decision to farm out production.
``Our discussions in Asia last week gave us increased
confidence that Advanced Micro will move to a mostly/fully
outsourced manufacturing model in 2008,'' Goldman Sachs analyst
James Covello wrote in a note today. This could be ``a
significant positive catalyst for Intel over the next 18-24
months,'' he wrote.
Read more at Bloomberg Stocks News
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