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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (32501)	9/10/1998 5:32:00 PM
From: Cynic 2005	Read Replies (1) of 132070

Mike, Gulli-Bulls are considering this as a super-duper great news that will lift the whole market tomorrow! <<Intel Corp. (INTC) 79 3/32 -2 5/32: leading chip maker expects Q3 revenues to come in above Wall Street expectations; on a sequential basis, it expects Q3 revenues to be 8% to 10% above Q2 level of $5.93 bln; also expects gross margins to be up two points from 49% level in Q2; according to First Call, INTC projected to earn $0.73 a share in Q3, vs year-ago net of $0.88 a share; based on 9% revenue growth for the quarter, it appears that INTC is aiming for $0.79 a share in Q3; see press release..... >> That still puts profits down more than 10%, even more if you consider the stock buy-backs. Do you think market will rally some 300+ points if Clinton resigns? -MMV

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