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NEW YORK, March 12 (Reuters) - Robertson Stephens increased its 2002 earnings estimate Tuesday for chip manufacturer Intersil Corp. (NasdaqNM:ISIL - news) to 57 cents a share from 38 cents.

Analyst Arun Veerappan also cited the company's announcement Sunday that it would buy Elantec Semiconductor Inc. (NasdaqNM:ELNT - news) for about $1.4 billion in cash and stock.

Since Robertson Stephens is acting as an adviser in the transaction, both Intersil and Elantec Semiconductor go to ``no rating' under company policy, Veerappan said.
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