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

To: TTOSBT who wrote (66176)	10/10/1998 11:21:00 AM
From: John F. Dowd	Respond to of 186894

TTOSBT and All: Piper Jaffray analyst Ashok Kumar raised his 3Q and 4Q earnings estimates on INTEL, saying that revenue growth in the September quarter should be stronger than Intel's guidance. Kumar raised his 3Q estimate to $0.84 a share, from $0.80 a share previously, to reflect 13% sequential revenue growth in the 3Q. "We estimate that revenue growth for the September quarter should be stronger than the guidance of 8-10% sequential growth," Kumar said in a note to clients, referring to Intel's pre-announcement last month of a better than expected 3Q, due to strong demand in North America and Europe, across all product lines. Kumar also raised his 4Q estimate to $0.92 a share, from $0.86 a share previously. Kumar said he maintains an aggressive strong buy on the stock JFD