Paul, Mary, Martin and All,
I'm looking at Tom Kurlak's report of August 21, 1998 right now. Some observations;
---His estimate for Q3 earnings was for $.69, and $2.78 for the year 1998.
---As stated by others, Kurlak downgraded his recommendation for INTC on Aug. 21, to "long term neutral" from "long term accumulate". This was reported by Maria on CNBC and others. Last week when Intel pre-announced 8 - 10% higher than previously expected revenues, Tom reiterated his neutral rating. This was also widely reported. However, what wasn't widely reported, was that at the same time he raised his earnings estimate to $.80 for Q3. This was an increase of 16% from his previous estimate the week earlier and was despite Intel only forecasting a 10 % increase in revenues.
---Nor was it reported that Kurlak had obviously raised his estimate on Intel's Q4, at that same time, by an additional $.11.
---Nor was it reported that Tom had increased his earnings estimate for INTC, in 1999, by $.12 to $.22 to $3.00 from $2.78.
Now I would like to know how Kurlak's rating dropped at almost the same time that his earning estimates for the next six quarters increased? Oh yes, it must be options expiration day this Friday
Regards,
Jules
PS, Mary, I wrote a rather long post in reply to your post to me the other day, but lost it when I went to send it. I was just too tired to write it again. In short, know that I agree with you and your analysis of Clinton. And with you too Barry.
Regards,
Jules |
