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Technology Stocks : Intel Corporation (INTC)

INTC 35.94

-5.1%

Nov 13 3:59 PM EST

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To: puborectalis who wrote (85352)	7/12/1999 8:19:00 PM
From: John Hull	Read Replies (2) of 186894

Stephen, Journalists don't take math courses.... re:"Street expects Intel to report a 38% rise in second-quarter net A service of Semiconductor Business News, CMP Media Inc. Story posted 10:30 a.m. EST/7:30 a.m., PST, 7/12/99 SANTA CLARA, Calif.--Intel Corp. will be cranking out good news here tomorrow afternoon (July 13), if analysts have it figured right. The world's largest chip maker will announce second quarter earnings after the markets close, and analysts surveyed by First Call Corp. are expecting a 38% rise to 53 cents a share. That compares with a net of 33 cents or $1.17 billion that is reported for the second quarter last year." (.53-.33)/.33=.6061 or 61% growth --- correct math (.53-.33)/.53=.3773 or 38% growth ---- incorrect math Of course this means that Editors don't take math courses either and headline writers probably don't check anything. jh

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