Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 34.50

+2.6%

Nov 21 9:30 AM EST

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To: TTOSBT who wrote (60199)	7/14/1998 6:44:00 PM
From: Barry Grossman	Read Replies (2) of 186894

TTOSBT, The latest CNBC Kernan remarks (with acknowledged assistance from Drew Peck) went like this: Intel's 2Q98 earnings were lowered by a "charge" against inventory to reflect a writedown of inventory of about 2% of gross margin. This writedown was done to lower current inventory values to reflect faster than expected cost decreases in their manufacturing process. Without this deduction, eps would have been .71-.72 vs .66 as reported. I think I got it right. A penny here, a penny there - pretty soon we're talking real money. CNBC spin is evidently that the numbers are a lot better than they appear. At least that's what I heard. Barry

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