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Technology Stocks : Intel Corporation (INTC)
INTC 48.59-1.3%Feb 4 3:59 PM EST
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To: Joseph Pareti who wrote (66832)10/16/1998 11:25:00 AM
From: Tony Viola  Read Replies (2) of 186894
 
Joe, What Gene P. said: >with these outstanding shipments and
>the record breaking Q3
>revenues we have lower earnings on a Y/Y basis.

What you replied: wasn't this Kurlak's question at the con call ?
I believe Intel cited high costs like SRAM.

First, what Gene said is not true. Intel netted slightly more 3Q98 than they did in 3Q97. From Intel's press release page:

Net income in the third quarter was $1.6 billion, essentially flat
with the third quarter of 1997.

That was 3Q98. Here's 3Q97:

Net income in the third quarter was $1.57 billion, up 20
percent from third quarter 1996...

Love companies that keep old earnings reports hanging around on their web pages.

Re: "wasn't this Kurlak's question at the con call ?
I believe Intel cited high costs like SRAM."

You're right. Tom's question and Intel's (Paul Otellini) answer. I tossed in Tom's second Q&A also, in case anyone missed it.

- Kurlak...if revenues were up so much YOY, why were profits
only up a cent per share. Paul...SECC components cost reason
again (SRAM). Bye Tom (ed).

- Kurlak again (later)...how do 4Q orders look? Paul...continuing at very strong rate as exiting 3Q.


I have some stuff on Pfizer's rebound. Look for another post.

Tony
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