To: tejek who wrote (77392 ) 10/27/1999 5:31:00 PM From: Paul Engel Respond to of 1572758
Tejerk - Re:" Intel Corp. (INTC) fell 1 11/16, or 2.8 percent, to 58 after analyst Charles Glavin at Credit Suisse First Boston lowered his earnings forecast on the No. 1 semiconductor maker. Intel's second-quarter profit should be about 53 cents a share, the bottom of the range that the company has guided analysts to, because of lower prices for chips and lower shipments, said Glavin, who rates the stock a ''buy.'' Intel's new Coppermine chip will be delayed to November from September, Glavin said. He cut his 1999 profit estimate to $2.25 from $2.32 and his 2000 forecast to $2.55 from $2.65" I finally found the TIMING of this Credit Suisse report - the one that you went back to JUNE to pull out and POST as if it was TODAY !!! Good piece of SLIME WORK, Tejerk ! Here's the post - note it is dated JUNE 17 - FOUR MOTHS AGO ! You eliminated that date, Tejerk !!!! Paul {==================================}Thursday June 17, 9:09 am Eastern Time RESEARCH ALERT - Intel EPS view trimmed NEW YORK, June 17 (Reuters) - Credit Suisse First Boston analyst Charlie Glavin on Thursday cut his estimate for Intel Corp.'s fiscal 1999 earnings per share to $2.25 from $2.32. -- In a report, he also trimmed his fiscal 2000 estimate to $2.55 from $2.65. -- The 12-month price target on the stock remains unchanged at $75, and the rating remains at buy. -- ''Intel should report in the lower end of its guidance for (second quarter 1999), roughly $0.53, owing to both lower processor ASP (average selling price) and lower unit shipments,'' Glavin said. -- ''While cost reductions and a higher gross margin percentage had mostly outweighed this effect earlier, we believe this trend and its impact will persist into'' the fourth quarter, he said. -- Analysts polled by First Call Corp., which tracks corporate earnings forecasts, had predicted second-quarter earnings of $0.54 a share. -- Intel shares slipped to 57-3/4 in pre-opening trade from a Wednesday close at 59-11/16. -------------------------------------------------------------------------------- More Quotes and News: Intel Corp (Nasdaq:INTC - news) Related News Categories: US Market News --------------------------------------------------------------------------------