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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: gnuman who wrote (66129)	10/9/1998 2:03:00 PM
From: Paul Engel	Read Replies (3) \| Respond to of 186894

Gene - Analyst Raises Intel's Earnings Estimates. Unfortunaltely, it is Ashok Kumar of Piper Jaffray - but it beats an Earning DECREASE. WHat do you think - is he off base? Paul {\====================================/} biz.yahoo.com Friday October 9, 1:02 pm Eastern Time RESEARCH ALERT - Intel Q3 EPS upped-Piper SAN FRANCISCO, Oct 9 (Reuters) - Piper Jaffray analyst Ashok Kumar raised his third and fourth quarter earnings estimates on Intel Corp., saying that revenue growth in the September quarter should be stronger than Intel's guidance. -- Kumar raised his third quarter estimate to $0.84 a share, from $0.80 a share previously, to reflect 13 percent sequential revenue growth in the third quarter. -- ''We estimate that revenue growth for the September quarter should be stronger than the guidance of 8 to 10 percent sequential growth,'' Kumar said in a note to clients, referring to Intel's pre-announcement last month of a better than expected third quarter, due to strong demand in North America and Europe, across all product lines. -- Kumar also raised his fourth quarter estimate to $0.92 a share, from $0.86 a share previously. -- Kumar said he maintains an aggressive strong buy on the stock, with a price target of $105. -- Intel shares were up 2-13/16 to 81-03/16 in active trade. The world's largest chip maker is expected to report its third quarter earnings after the U.S. stock market closes on Tuesday, Oct. 13. More Quotes and News: Intel Corp (Nasdaq:INTC - news) Related News Categories: US Market News