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Short Take: Intel earnings estimate up

Gruntal & Company said analyst Mona Eraiba increased the earnings estimate for Intel to $9 per share from $7.50 for 1997, according to a Reuters report. Gruntal also said corporate spending for personal computers will be the key to Intel's earnings picture in 1997, and that the company believed there was still a significant upside in that market.

Gruntal & Company said analyst Mona Eraiba increased the earnings estimate for Intel to $9 per share from $7.50 for 1997, according to a Reuters report. Gruntal also said corporate spending for personal computers will be the key to Intel's earnings picture in 1997, and that the company believed there was still a significant upside in that market.