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Technology Stocks : Intel Corporation (INTC)
INTC 50.57+4.8%3:59 PM EST
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To: Mike Wong who wrote (49801)3/5/1998 7:37:00 PM
From: Mo Chips  Read Replies (1) of 186894
 
<<the earnings drop 10%>>

I think your math is off. Intel said rev to decline by 10% from Q497 and expenses will be higher that Q497. This means earnings to fall MORE THAN 10%. Not to mention C&T write-offs.

As a matter of fact, earnings estimates were generally revised down about 20%.

Mo
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