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Politics : Formerly About Applied Materials
AMAT 249.89+3.1%Nov 26 3:59 PM EST

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To: Kirk © who wrote (36914)8/21/2000 9:20:42 AM
From: Proud_Infidel  Read Replies (1) of 70976
 
RESEARCH ALERT - Lehman raises Intel earnings, rev estimates
NEW YORK, Aug 21 (Reuters) - Lehman Bros. on Monday raised earnings and revenue estimates on Intel Corp. (NYSE:INTC - news), the world's biggest chip maker.

In a research note, analyst Dan Niles said:

-- raised earnings per share (EPS) estimate for fiscal 2000 to $1.74 from $1.70.

-- raised EPS estimate for fiscal 2001 to $1.90 from $1.85.

-- raised total revenue forecast for fiscal 2000 to $36 billion, from $35.4 billion.

-- raised total revenue forecast for fiscal 2001 to $42.7 billion from $41.7 billion.

-- $88 price target by year-end.

-- ``We believe that Intel is seeing the most front-end loaded third-quarter in many years and is booked out for the quarter.''

-- shares closed on Friday at 70-9/16 on Nasdaq.
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