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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (73781)1/15/2000 6:55:00 PM
From: RealMuLan  Read Replies (3) of 132070
 
Mike: this analyst seems agreed with you on INTC earning result.
Message 12581876
Given all this, "people's interpretation of the 69 cents is peculiar, to say the least," says SG Cowen analyst
Drew Peck. "People are actually swallowing the 69-cent story."

Peck isn't what you'd call an Intel bull (he has a rare Neutral on the stock). But he is voicing concerns that
were shared today by other analysts who asked not to be named. His worry is that earnings become clouded
when gains from securities sales — for Intel or any other company — become accepted as part of operating
results. "If you start making forecasts for Intel based on that model, the company can report anything they
like anytime they like by selling securities," Peck says. "In effect, Intel has become a hedge fund."

Here is another realted post:
Message 12582054
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