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To: marginmike who wrote (168448)	5/28/2002 7:57:41 AM
From: orkrious	Read Replies (1) \| Respond to of 436258

07:35 ET INTC Intel estimates cut at Merrill (28.66) Merrill Lynch cuts June qtr rev/EPS ests for INTC to $6.76 bln/$0.17 from $6.96 bln/$0.18 and cuts 2002 EPS est to $0.75 from $0.77, saying that a June improvement may yet materialize but has not turned up yet, and firm says defending a sequential rev increase is getting tougher. Reiterates Near-Term Strong Buy and Long-Term Buy ratings. This is why futures just dumped. Dollar down today, maybe semis will be too.