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Technology Stocks : Intel Corporation (INTC)
INTC 48.76+10.9%3:59 PM EST

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To: Jean M. Gauthier who wrote (85571)7/13/1999 11:04:00 PM
From: Fred Fahmy   of 186894
 
Jean,

<That's a 54% Increase in profits, is that not impressive for such a huge company ? >

Part of this is due to the fact that 1998's 2Q was not stellar, but it is impressive none the less, especially for such a large company as you pointed out. Intel reported excellent record earnings and more importantly continues to show strong long term growth. The compounded average growth rate of Intel's 2Q for the past five years is a very impressive 23%. The full year 5 year compounded growth rate is even more impressive at around 29% (assuming Intel hits around 2.30 for this year).

FF
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