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Technology Stocks : Intel Corporation (INTC)
INTC 34.50+2.6%Nov 21 9:30 AM EST
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To: Paul Engel who wrote (105898)7/19/2000 11:17:08 AM
From: jackrabbit  Read Replies (1) of 186894
 
Paul and thread,

Did anyone notice the following statements from the official Q2 press release:

** The company expects revenue for the third quarter of 2000 to be up from second quarter revenue of $8.3 billion.

** The company expects interest and other income for the third quarter of 2000 to be approximately $800 million . . . [down from approximately $2.3 billion in Q2]

I am not an accountant, but doesn't this imply that Intel is projecting that operating revenues will be at least $1.5 billion higher in Q3 over Q2?? If operating revenues were approximately $6 billion in Q2, that would be a 25% quarter over quarter increase (starting on a huge $6 billion base). Isn't that extremely bullish for the company?? Am I missing something here??
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