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From Dow Jones/Associated Press

The value of the planned initial public offering by PortalPlayer Inc., which makes chips for Apple Computer Inc.’s iPod music player, was raised to as much as $100 million on Wednesday.

The estimated price range for the company’s pending IPO was increased to $14 to $16 a share from $11 to $13 a share, according to a regulatory filing. The Santa Clara, Calif., company is expected to price its IPO this week.

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