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GlobeSpan to Meet or Exceed Fourth-Quarter Estimates

Author:

GlobeSpan

(GSPN)

, a developer of digital subscriber line technology, expects to meet or exceed the consensus estimate for its fourth-quarter earnings and revenue.

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The Red Bank, N.J., company provided no other details in its brief statement. Nine analysts polled by

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First Call/Thomson Financial

produced a consensus estimate of 19 cents a share, compared with earnings of a penny a share a year ago.

Shares of the company recently gained 63 cents, or 2.2%, to $29.06 in afternoon trading on the

Nasdaq

.