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Technology Stocks : Dell Technologies Inc.

DELL 133.35

+0.1%

Nov 28 9:30 AM EST

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To: freeus who wrote (117441)	4/14/1999 1:49:00 PM
From: Eggolas Moria	Read Replies (2) of 176387

<<"Compaq's numbers were awful but Intel's were right in line.>> Meeting expectations isn't the same as having quality earnings: New York, April 14 (Bloomberg) -- A comment about Intel Corp.'s first quarter earnings, which rose 39 percent from the year-earlier period. Net income was 57 cents a share, 2 cents better than analysts' forecasts. Sales were $7.1 billion, below estimates of $7.4 billion. ''There's this misconceived notion that they beat the number, which they didn't,'' said Daniel Niles, an analyst at BancBoston Robertson Stephens. ''They missed the revenue estimation by 4 percent. They beat the bottom line because they had close to $150 million in sales of stock during the quarter which boosted their other income and their tax rate was about 1/2- point lower. If you exclude all that stuff, instead of reporting 57 cents, they would have done about 54 cents.'' FWIW

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