Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 35.10

+2.3%

Nov 19 3:59 PM EST

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To: Raymond Thomas who wrote ()	1/13/2000 6:22:00 PM
From: lanac	Read Replies (1) of 186894

not to rain on the parade ppl Salomon Smith Barney analyst Jonathan Joseph had forecast revenues of $8 billion and was pleasantly surprised by the extra $200 million reported. But he said the huge earnings upside derived in part from shrewd financial engineering, not microprocessor engineering. According to Joseph, the company realized four cents more than he?d expected in income from the sale of stock in other companies. Intel maintains a huge venture fund in Internet companies, which may be a source of income for a good while. ?It?s a multibillion dollar portfolio and I think it?s prudent for the company to continue to prune it along the way,? says Wall Street Journal All-Star analyst Ashok Kumar of US Bancorp Piper Jaffray

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