Chips

Dump Intel shares and run, says analyst

Dead money

By Chip Mulligan

Mon Jun 12 2006, 19:07

ANALYSTS recommend dumping Intel shares in a spare-looking June, according to Forbes.

One such analyst, RBC Capital Markets' Apjit Walia, described Intel stock as "dead money," in a report published on Monday.

He said the PC market was "in the doldrums" and getting "progressively worse."

Walia saw no real return on Intel shares before the autumn. "There seems very little chance of Intel's gross margins bottoming before end of the September 2006 quarter," Forbes said he said. µ

L'Inq
Forbes

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Dump Intel shares and run, says analyst

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