RPT-UPDATE 1-RESEARCH ALERT-Wedbush starts Intel on buy
April 10th, 2008 | by admin |(Repeats without any changes to text) (Changes source, adds details, share movement)
By Saumyadeb Chakrabarty
BANGALORE, April 9 (Reuters) - Wedbush Morgan Securitiesbegan coverage of Intel Corp (INTC.O: Quote, Profile, Research) with a “buy” rating,saying the largest maker of computer processors would continueto gain from rival Advanced Micro Devices’ recent stumbles anda slew of upcoming product launches.
The brokerage also started coverage of Advanced MicroDevices Inc (AMD.N: Quote, Profile, Research) and graphics chipmaker Nvidia Corp (NVDA.O: Quote, Profile, Research)with a “hold” rating.
“Intel is in a position of fundamental strength and hascontinued to capitalize on AMD’s recent stumbles,” analystPatrick Wang said in a research note.
AMD had a hiccup with the much-anticipated Barcelona chipdue to a flaw that caused errors in some computer applications.It also lags Intel in chipmaking technology and could be aboutnine months behind Intel when it introduces chips with elementsas small as 45 nanometers.
Wang said Intel has further established its presence inserver and desktop markets and is on track to launch itsMontevina processors for notebooks in early June.
Montevina is a processor system that combines integratedWi-Fi and WiMax wireless technologies.
Wang said he was optimistic about Intel’s Nehalem — chipswith up to eight processing cores — and on the growthprospects for Atom, chips designed for mobile Internet devices.
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