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Politics : Ask Michael Burke

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To: Michael Bakunin who wrote (73499)	1/13/2000 5:23:00 PM
From: Michael Bakunin	Read Replies (2) of 132070

intel.com "Interest and other was $508 million in the fourth quarter, higher than previous guidance of $280 million, due to higher than expected gains on sales of equity investments." This change alone takes us from $0.69 (ahem) to $0.62... and Intel will be able to pull those earnings out of their hat for as long as the market loves 'net stocks. The carrying value of "Intel Capital" (do I smell a tracking stock?)'s holdings is $8 billion, and, "as of December 25, 1999, the total carrying value of the portfolio included approximately $5.8 billion of appreciation on the marketable securities. During the quarter, the company recognized gains of $327 million on sales of portfolio securities." Whew! -mb

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