According to Forbes.Com (New York, NY) in an article online, International Rectifier (IR, El Segundo, CA) has, in the last four weeks, raised its year 2001 consensus earnings estimate 7 percent, to $2.82 per share.
IR, which is a $753 million company, is currently reported to have a cash pile of about $800 million, thanks to a $533 million private placement of convertible notes.