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Technology Stocks : Intel Corporation (INTC)
INTC 35.53-1.1%Nov 14 9:30 AM EST
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To: steve harris who wrote (105696)7/15/2000 9:56:15 PM
From: Amit Patel  Read Replies (1) of 186894
 
Steve, Re : when it was announced iNteL dumped a lot of stock, it was estimated at the time "The $2.3 billion in stock earnings will effectively double the company's second-quarter earnings.
Or is there a mistake in the numbers somewhere?

Intel's 71c estimate already included about $700M in investment income. So the additional investment income was 'only' 1.6B, (which is about 48c). So, the doubled income is ~96c (not $.71x2=1.42). Hope that explains.

-Amit.
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