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Technology Stocks : Intel Corporation (INTC)
INTC 35.09+2.2%3:59 PM EST
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To: Jules B. Garfunkel who wrote (53661)4/16/1998 6:29:00 PM
From: Doug M.  Read Replies (1) of 186894
 
Jules,

Do you know if Kurlak's estimate for Q1 included or did not include the 9 cent charge to earnings. His estimate was for Intel to make 67 cents in Q1. If he took this into account and he expected them to make 67 cents after the charge he was off by 5 cents (.72-.67), which isn't too good, but not horrendous.

However, if he expected Intel to make 67 cents as opposed to the actual 81 cents from continuing operations (before the charge) he was off by 17% or off by $252,000,000 in net income (roughly).

That would be absolutely horrendous! The guy should be laughed off the street!!

I think this is an important distinction. Could you please elaborate if you have the data?

Thanks,

Doug
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