Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (65547)	10/12/1999 11:36:00 PM
From: kathyh	Read Replies (1) \| Respond to of 90042

22222 sounds like a very lucky number to me... i'll say one thing for you tim... you are never at a loss for words... <ggg> thanks for all that you share here with us... things arent looking too good for tomorrow... but maybe we will be presented with some buying opportunities... who knows... Intel Slides After Hours on Earnings Miss; Motorola Cites Iridium for Lackluster Results By Tara Murphy Staff Reporter 10/12/99 9:00 PM ET Intel's (INTC:Nasdaq) third-quarter results made for unhappy investors, after the chipmaker missed analyst consensus estimates. The company posted third-quarter earnings of 55 cents a share, greatly below the 23-analyst First Call/Thomson Financial estimate of 57 cents and the year-ago 45 cents a share. "Average selling prices were down from the second quarter and a little lower than we expected," said Intel CFO Andy Bryant in an interview with Dow Jones. TheStreet.com reported on the disappointing results in a story this evening. Intel's shares were slapped around in after-hours trading (see below). In other Intel news, a federal court has rejected a patent lawsuit by Intergraph (INGR:Nasdaq) against Intel, which alleged Intel behaved in a coercive and illegal manner when it refused to supply the company with information Intergraph needed to create its own products. Intel argued that its intellectual property rights permitted its behavior. -------------------------------------------------------------------------------- Motorola (MOT:NYSE) didn't surprise investors with its third-quarter results. The company posted third-quarter earnings of 53 cents a share, in line with the 27-analyst estimate and up from the year-ago 7 cents a share. According to Dow Jones, Motorola pointed the finger at Iridium's financial woes and soft activity from Iridium gateway operators for a slowdown in its third-quarter satellite sales. For the quarter, the company assumed a $994 million charge to cover its exposure to Iridium. -------------------------------------------------------------------------------- After-Hours Markets Intel took a late-night beating. In after-hours trading on both MarketXT and Island ECN, the company took heavy losses and led trading on news that its third-quarter earnings didn't measure up to analyst predictions. On Island, Intel traded on 384,036 shares, easily besting the next nine most-actives combined. On MarketXT, which recently began opening at 4:30 p.m. EDT, the company traded on 11,050 shares, the first time a stock has traded that heavily on the system in months, possibly ever. Intel may have attracted investors, but it wasn't popular. 10 most active stocks on Island ECN (8 p.m. EDT) Name Price Change Session Volume Intel (INTC:Nasdaq) 70 13/16 -5 7/8 384,036