INTC Message Board - Msg: 8920703

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Technology Stocks : INTC

INTC 41.03

-0.7%

11:44 AM EDT

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To: Harry Landsiedel who wrote (889)	4/14/1999 4:38:00 PM
From: Jules B. Garfunkel	Read Replies (2) of 990

Harry and All, I find it rather ironic that INTC should be down today, (-3 1/2 @ 57). For more than 2 years I have complained of IBM's poor quality of earnings. I have watched their stock go up sometimes 7 points in a day after they made their analyst's estimated earnings numbers by buying back stock and a reducing their tax rates for the Quarter. At times these two items alone accounted for $.12 to $.19 cents per share per quarter, (Q after Q). Yet, INTC reports one Quarter's earnings, (beating estimates by $.02, with higher than expected GP Margins), but including a $.02 a share contribution from sold securities...(in a Q when these securities were at all time highs), and a $.01 contribution from a lower tax rate, and INTC's stock goes down 3 1/2 points, after yesterday's 5 point drop. Where is the rationality? Is it because the analysts who follow INTC do not speak to the analysts who follow IBM. Jules

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