UPDATE 1-RESEARCH ALERT-JPMorgan cuts Intel to neutral
(Changes source, adds details)
Jan 4 (Reuters) -
INTEL CORP (INTC.O: Cotización)
Current Prior Rating Neutral Overweight
--J.P. Morgan Securities said Intel experienced a slowdown in order rates from the personal computer end market and also faces a risk of an inventory correction for personal computer components due to weakening demand and high inventory levels.
--The brokerage lowered its earnings estimates for the company by 1 cent to $1.23 per share for calendar 2007 and by 2 cents to $1.66 per share for 2008. (Reporting by Anant Vijay Kala in Bangalore; Editing by Deepak Kannan)
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