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Politics : Formerly About Applied Materials

AMAT 330.24

-2.9%

3:44 PM EST

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To: runes who wrote (61338)	3/6/2002 12:26:31 PM
From: Sam Citron	of 70976

Shifting expectations for INTC midQ report tomorrow: Intel (INTC: news, chart, profile) rose 2 cents to $32.70 as investors mull the chipmaker's intentions at its Thursday midquarter investor update after the close of trading. Merrill Lynch told clients it expects the company to raise its revenue target to the upper half of its range, to $6.7 billion to 7 billion from $6.4 billion to $7 billion. "Intel's target for the March quarter was conservative given the fact that the company already had bookings in place at the beginning of the quarter to support $6.7 billion in revenue," Merrill's Joe Osha wrote in a note to clients. On Tuesday, Morgan Stanley raised its rating on the stock to "strong buy." marketwatch.com

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