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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Les H who wrote (254508)	8/7/2003 7:41:07 AM
From: orkrious	Read Replies (4) of 436258

Intel gets IRS notice on past taxes due I am short INTC and have a bunch of Oct 20 poots. Last night, Fleck was so negative on them I decided I was going to buy a sh*tload on January 20's for a $1. Of course, this am you have the IRS notice and this: 07:34 ET INTC JP Morgan reits Underweight on Intel (24.14) JP Morgan reiterates their Underweight rating on INTC, saying it remains the most expensive stock under coverage trading at 31x their CY04 EPS est, well above its pre-bubble range of roughly 10-20x; in addition, the co disclosed in its 10-Q that it has received notice from the IRS of a proposed adjustment relating to a tax benefit from export sales that could increase the co's tax liability for 1999-2000 by about $600 mln, which could result in a reduction in EPS of about $0.08 to FY99 and FY00 earnings.

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