EFTA01446636

From: Sent: To: Subject: Attachments: Paul Morris 11/26/2013 : : jeeyacation@gmail.com Fw: INTC buy-and-write [C) INTC 11.22.13.pdf Classification: Confidential you're right, yes i get it, Paul Morris Managing Director Deutsche Bank Private Bank 345 Park Avenue, 27th Floor New York, NY 10154 — Forwarded by Paul MornydbEdbcom on 11261201302:47 PM — From. Tazia Smith To. jeevacation@gmailcom. Cc. harrybellellINMINI. Paul Morris. Vahe Stepaniaacas Date 11/22:2013 10.25AM Subject. INTC buy-and-write IC] Classification: Confidential Not fancy - INTC, down over 4.5% following a self-critical Analyst Day. DB is one of the only analysts across the Street defending the name - in fact he raised his price target to 28 from 26. In part, he thinks management is being conservative and setting up for outperformance., $2 eps for 2014E (current 12x vs large cap semi peers at 16x) INTC spot is $24.09 Dec 23 calls are —$1.21 bid Dec 24 calls are —$0.51 bid INTC has a 3.7% current dividend yield, goes ex 2/5, reports 1/16 (Jan expiry is 1/18) Tazia Smith Director I Key Client Partners - US Deutsche Bar* Securities Inc Deutsche Asset 8 Wealth Management 345 Park Avenue. 26th Floor New York. NY 10154 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL SDNY_GM_00247097 DB-SDNY-0 100913 EFTA01446636