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Technology Stocks : Intel Corporation (INTC)
INTC 35.94-5.1%3:59 PM EST
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To: derek cao who wrote (26586)7/15/1997 5:23:00 PM
From: Barry Grossman   of 186894
 
derek,

Re: << why did intel revise down depreciation from 2.5b to 2.2b? where does the 0.3b go?>>

The extra 300 million went right to the bottom line. .18/sh based on split shares. Depreciation is an expense, so if less depreciation shows up on an income statement than was expected, it might mean that not as much capital equipment was purchased as was expected to be needed. I'm not sure how to interpret that though. Paul, any ideas?

Barry
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