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To: Dealer who wrote (28025)	1/3/2001 9:07:01 AM
From: Dealer	Read Replies (1) of 65232

Dell, Intel Fall on Lehman Bros. Downgrade By Eric Gillin Staff Reporter 1/3/01 8:31 AM ET Lehman Brothers clipped two of old technology's biggest stalwarts -- Intel (INTC:Nasdaq - news) and Dell (DELL:Nasdaq - news) this morning. The brokerage dropped its fiscal 2001 earnings-per-share estimate on Dell to $1 from $1.10. It also lowered Intel's 2001 estimate to $1.30 per share from $1.40 and its price target to $40 from $55. And in pre-open trading, both were creamed as a result. On Instinet, where stocks trade both before and after the bell, Dell last crossed the ticker at $16.81, a loss of 69 cents from where it closed trading yesterday. Intel last traded at $29.88, $1.18 lower than where it ended yesterday at $31.06.

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