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Technology Stocks : KLA-Tencor Corporation (KLAC)
KLAC 1,207-1.6%Nov 6 3:59 PM EST
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To: orkrious who wrote (1634)1/15/2002 9:49:46 PM
From: advocatedevil  Read Replies (1) of 1779
 
Orkrious, I believe it was late October - Intel's CTO commenting - and his estimate was for a 10%-20% cut (or $6.0B to $6.75B). I also believe the comments were above most analyst estimates at the time. I think analysts had raised their expectations through the holidays to a final range pre-earnings report range of $6.5B to $7B and thus the $5.5B number tonight is definitely a negative surprise. Perhaps she'll bounce as you suggest, but I wouldn't bet the farm. Good luck.

AdvocateDevil
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