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Technology Stocks : Intel Corporation (INTC)
INTC 36.08-3.2%Dec 17 3:59 PM EST

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To: Ibexx who wrote (70572)1/5/1999 11:23:00 PM
From: Doug M.  Read Replies (1) of 186894
 
Ibexx or anyone else, CBSMarketwatch stated that SoundView Financial raised their estimates on Intel. Does anybody know how much the estimates were raised? I've been trying to figure out how a surge in buying due to the Y2K problem would benefit Intel's bottom line.

Regards,

Doug

From CBSMarketwatch:

SoundView's Scott Randall upgraded his earnings estimates for Intel(INTC). Randall said he sees a revenue boost for the chip maker resulting from increased spending to combat the year 2000 computer problem and accelerated launches of Intel's higher-speed Celeron processors. Intel rose 2 7/16 to 123 1/4.
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