Intel Corporation (INTC) Message Board

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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: L. Adam Latham who wrote (110641)	9/23/2000 3:55:30 PM
From: Exciton	Read Replies (1) of 186894

Adam, I agree completely. I did the numbers myself after the revenue warning came out and came to a similar conclusion--1 cent earnings reduction. In fact, there is an outside chance that Intel will still meet prior earnings estimates if the revenue numbers and investment income turn out to be slightly higher than current estimates. Quite frankly, I'm surprised that Intel can predict within 3 percent what their revenue will be for any given quarter. Another factor to consider is that demand typically accelerates the last two weeks of September. Regardless of whether it turns out to be a 0, -1, or -2 cent delta, a 1/3 reduction in stock price from recent highs is completely absurd. A great buying opportunity in my opinion.

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