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Technology Stocks : Intel Corporation (INTC)
INTC 37.81-4.3%Dec 12 9:30 AM EST

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To: Mike Wong who wrote (49801)3/5/1998 10:58:00 PM
From: Barry A. Watzman   of 186894
 
Mike,

Go back and read the press release again. REVENUE, not EPS, is expected to drop 10%, which will cause EPS to drop MORE than 10% by itself.

PLUS, margins dropping from 57%-59% expected previously to now 53%, will cause a FURTHER drop in EPS.

The drop in INTC share price today was not extreme given what was said in the release, in fact it was less than I expected.
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