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Intel grade raised

Alex. Brown raises its 1996 and 1997 per share earnings estimate for Intel, based on a healthy PC market and the fact that more companies are upgrading their computers to Pentiums.

Alex. Brown today raised its 1996 and 1997 per share earnings estimate on Intel (INTC) based on a healthy PC market and the fact that more companies are upgrading their computers to Pentiums.

Alex. Brown raised its 1996 estimate to $4.60 a share from $4.53. And its 1997 estimate was increased to $5.75 from $5.50.

Within the next 6 to 12 months, Intel's stock is expected to hit a target price of $100 per share, Greg Mischou, an analyst with Alex. Brown said.

"The PC market is healthy this year and expected to grow 17 to 19 percent in 1996," he said. "Internationally, growth in Japan and Asian countries may grow to 30 percent."

Intel is an investor in CNET: the Computer Network.