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Technology Stocks : Intel Corporation (INTC)
INTC 48.72+3.0%3:59 PM EST

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To: The Duke of URL© who wrote (183111)1/18/2006 9:33:13 AM
From: GVTucker  Read Replies (1) of 186894
 
Duke of URL, RE: True, I am biased, but Intel missed its own estimate of revs by about 2 or 3%. You try estimating 10 billion +/- in sales and get back to my people on how easy this is.

Just note that 2/3 of the quarter's revenues were in the book when Intel gave their estimate of the potential range of the quarter's revenues back in early December.

Given that Intel's revenues fell below that range, obviously something happened that management had not anticipated. This isn't necessarily reflective of poor management, of course, but it is an indication that fundamentals aren't as good as management thought they were.
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