NEW YORK (CNNfn) - Chip maker Intel Corp. Monday dubbed its next-generation microprocessor the Pentium III, following through with the success of its previous Pentium products, and said the computer chip will hit the shelves sometime this quarter.
The new Pentium III processor was designed with the help of Web developers to include a special set of instructions that will make it easier for computer users to keep up with the ever-changing Internet.
Intel 's (INTC) marketing team will begin pushing the product in the next few weeks, said Christine Chartier-Morris, an Intel spokeswoman. She said more details on Pentium III's capabilities will be released soon.
Following the news, Lehman Brothers upped its target for Intel shares to $180 from $135. The firm also maintained its "buy" rating on the company.
Shares of Intel were up 6-5/16 at 136 on the Nasdaq following the announcement.