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Technology Stocks : Intel Corporation (INTC)
INTC 35.53-1.1%Nov 14 3:59 PM EST

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To: Ibexx who wrote (78278)4/9/1999 6:50:00 PM
From: xstuckey  Read Replies (1) of 186894
 
Hi Ibexx,

I agree. You miss earnings by 50% and you don't notice till a quarter past April ? I guess it's a wonder they even figured it out at all.

Two things from their press release:


(1)"... said its first-quarter earnings will
be about half analyst forecasts because of plummeting personal
computer prices."

If this is the real reason, Intel will be relatively unaffected, since they have recently shown control over the sales price to cost at the low end.


(2) "Compaq blamed sluggish demand for its products..."

This may be a problem , if true.

Best Trading,
X
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