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Politics : Idea Of The Day

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To: Brian Fukuba who wrote (16398)	1/14/1998 8:07:00 PM
From: IQBAL LATIF	Read Replies (1) of 50167

* Intel 4th quarter not necessarily a blowout - analysts Semiconductor giant Intel Corp surpassed most of Wall Street's expectations for the fourth quarter, but some analysts were disappointed because earnings were boosted in part by a lower tax rate. Some analysts added they expect investors to be disappointed by Intel's outlook for the first quarter, which forecast flat revenues compared with the fourth quarter and lower gross profit margins versus the fourth quarter. Intel reported fourth quarter fully diluted earnings of 98 cents a share, surpassing the First Call consensus of 90 cents. "Clearly the number is a good number," said Rob Chaplinsky, a Hambrecht & Quist analyst. But he added about 3 cents per share of its earnings were from a lower tax rate of 33% of revenues, versus 35.5% previously. In the fourth quarter, Intel's revenues were $6.5 billion, up slightly from $6.4 billion in the year-ago period, which were in line with expectations, some analysts said.

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