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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (36914)	8/21/2000 9:20:42 AM
From: Proud_Infidel	Read Replies (1) \| Respond to 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.