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Intel Slips 2.3% as CSFB Cuts Estimate

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Intel

(INTC) - Get Intel Corporation Report

was down 2.3% in preopen trading after bouncing higher earlier.

Credit Suisse First Boston

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cut its 2001 earnings estimate for the chipmaker to $1.66 per share from $1.75 but maintained its buy rating. The price target is $48.