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Technology Stocks : Intel Corporation (INTC)
INTC 35.81+0.2%Nov 25 3:59 PM EST
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To: Darren who wrote (60130)7/14/1998 5:01:00 PM
From: Gorak Shep  Read Replies (2) of 186894
 
The press release does not state any charge for Q2, only 0.09 for Q1 for Chips. So factoring the charge out, eps was actually down sequentially from $1.01 to $0.66, a 35% decline, in operating earnings. And surprisingly, revenue in Europe was down. Doesn't look that great to me.

And the stock ran up a lot in the last week on optimism, an optimism also exhibited by Kumar when he raised earnings estimates quite recently. I bet he wished he hadn't done that!
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