Topic: Growth Stocks

The Wall Street Stock Forecaster Hotline – Friday, February 15, 2008

Article Excerpt

MICROSOFT CORP. $28.42, Nasdaq symbol MSFT, has dropped $4 since it made a hostile takeover bid for Internet search provider Yahoo! Inc. (Nasdaq symbol YHOO) at the start of February. Yahoo has rejected the offer, leading to speculation that Microsoft may have to raise its bid. Concerns over Microsoft’s ability to meet cost reduction targets after the takeover have also weighed on the stock. As well, a hostile takeover could also prompt Yahoo’s programmers and other key employees to quit. Yahoo is now exploring alliances with other media and technology companies to fend off Microsoft. Regardless of the outcome, we still see Microsoft as a buy. INTEL CORP. $20.11, Nasdaq symbol INTC, plans to start making its new “Menlow” chip in the next three months. This new chip will make accessing the Internet on a mobile phone easier and faster. The market for chips like Menlow could grow to $10 billion a year by 2011. That’s equal to about 25% of Intel’s 2007…