Thread,
Look carefully at Intel's numbers. Go to the bottom of the press release and you will see this.
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INTEL CORPORATION
SUPPLEMENTAL FINANCIAL AND OTHER INFORMATION (In millions)
Q2 '99 Restated Q1 '99 YTD 1999 Q2 '98 YTD 1998
OPERATING SEGMENT INFORMATION:
Intel Architecture Business Group:
Revenues 5,559 6,429 11,988 5,240 10,655
Operating profit 2,305 2,944 5,249 1,649 3,509
All other:
Revenues 1,187 674 1,861 687 1,273
Operating (loss) 15 (307) (292) (43) (122)
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It cost Intel $600M+ to compete with AMD (and CYRX) last quarter (IABG profits from Q1 - profits from Q2 = $2,944M - $2,305M = $639M).
And the "interest and other income" category went up by about $150M - a good $50M more than I thought they would put in that category AND they still came up 2 cents shorts from the already lowered 53 cents estimate!
Does any one see this differently?
Chuck
P.S.: On the brighter side for AMD longs, if the statements about second half are right, pricing sanity may infact be back (and probably a more linear price curve). |
