Forbes.Com Singles out International Rectifier

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.