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Strategies & Market Trends : Effective Trading In Our Markets. Learn, then Earn
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To: Jerry Olson who wrote (1399)8/21/2002 11:27:37 AM
From: Frederick Langford   of 1854
 
SG Cowen lowers Intel rev. growth est. (INTC) by Tomi Kilgore
Analyst Mark Grossman at SG Cowen cut his third quarter revenue estimate for Intel (INTC), citing the lack of evidence of a "normal" back-to-school pick up in end demand. Grossman now expects sequential quarterly revenue growth of greater than or equal to 4 percent; he previously expected growth of less than or equal to 6 percent. He said, however, that upside to his forecast is possible if strong back to schools sales materialize in September or if corporate information technology spending picks up later this year. The stock is trading up 33 cents to $19.29.
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