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Profile of the Week

Published on .

Intel Corp. stock lost ground on concerns about the company's near-term outlook. A Merrill Lynch & Co. analyst, Joe Osha, reduced his forecast for fiscal 2000 earnings to $2.55 a share from $2.69 saying he expected increased competitive pressure from Intel rival Advanced Micro Devices. Mr. Osha also predicted the launch next year of Intel's next major chip, the IA-64, will disappoint investors "with high expectations for the first generation of that product." In trading Friday, Intel closed at $76.19, off 7.23% for the week.
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