Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 43.75

+0.6%

Dec 3 3:59 PM EST

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To: kapkan4u who wrote (171125)	9/18/2002 9:50:58 PM
From: L. Adam Latham	of 186894

kap: Re: Oops, a huge warning by EDS. The details of the EPS drop are interesting. They went from $0.74 in July to ~$0.13 today, or ~$0.61. The WSJ is saying that (1) ~$0.26 of that is from slowed IT spending and increased spending to pursue new business; (2) $0.14 is a write-off from US Airways; (3) $0.14 is from contract problems in Europe; and (4) $0.08 from exiting a business. So it's hard to see how much of the EPS decrease is due to IT spending decreases alone. The main point, one I hope investors realize tomorrow, is that the BIG headline of a $0.60 decrease in EDS earnings estimates is not all IT related - a lot of the drop is specific to EDS. Adam

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