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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Tim Luke who wrote (65527)	10/12/1999 7:59:00 PM
From: Captain Jack	Read Replies (1) of 90042

The big hit comes tomorrow by the looks of things,, SANTA CLARA, Calif. (CBS.MW) -- Intel Corp. missed its profit target for a second consecutive quarter Tuesday, surprising Wall Street and causing shares of the world's largest chipmaker to plunge in after-hours trading. Intel (INTC: news, msgs) reported third-quarter earnings of $1.9 billion, or 55 cents a share, compared to $1.6 billion, or 44 cents a share in the same period last year. Analysts had expected earnings of 57 cents a share, according to a survey by earnings research firm First Call.. Shares of the Santa Clara, Calif. company fell more than 6 11/16 in after-hours trading to as low as 70, after closing at 76 11/16 during the daytime session Tuesday, up 3/16.

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