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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Oeconomicus who wrote (7068)4/15/1998 10:05:00 PM
From: craig crawford  Read Replies (2) of 18691
 
<< What I can't figure out (kidding of course - I don't really expect analysts to be rational) is how most of the Street could interpret a 20% year-to-year decline in eps, projected further deterioration of revenues and margins, $200 mil hacked off the CAPEX budget and shrinking payrolls as a bullish scenario. >>

They don't. But INTC has done nothing for 8 months and is well off it's highs. The bad news is priced in for the time being.
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