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.

Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (102186)	4/11/2000 12:08:00 PM
From: Boplicity	Read Replies (1) \| Respond to of 186894

CY halted news pending..... Down 6.5 @ 49.5. 12:07 ET Cypress Semiconductor (CY) 49 1/2 -6 1/2 (-11.5%): --Update-- Puts Q1 earnings, before charges, at $0.39 to $0.41 a share, vs First Call mean of $0.33. 12:01 ET Cypress Semiconductor (CY) 49 1/2 -6 1/2 (-11.5%): --Update-- Chip maker expects Q1 sales and earnings to exceed Wall Street views. 11:53 ET Cypress Semiconductor (CY) 49 1/2 -6 1/2 (-11.5%): Issue halted, news pending. G

To: Road Walker who wrote (102186)	4/11/2000 1:00:00 PM
From: John Hull	Read Replies (2) \| Respond to of 186894

GV & John, I believe the distinctions are becoming less clear and the "Street" is evolving its opinion on the subject. Investment returns may get a bit more credit as real money as they become more consistent and predictable. Now what is "predictable" is open for debate. I think if Intel gets into a habit of guiding the street on its investment gains for upcoming quarters in their usual guidance statements and builds a track record of hitting those estimates, then the Street will gradually get in the habit of giving the company credit for that particular earnings stream. The key is hitting the estimates on a routine basis, having the amounts not be to erratic and having enough in unrealized gains to build confidence that the Company can continue to meet these estimates going forward. Only time will tell.... On another note, GV, how do you view the 17 cent tax gain that Intel announced will be taken this quarter to make up for prior accruals that turned out to be unnecessary by the IRS. I presume this will be written off as a one-time gain. Should we be thinking about applying that to our historical models of Intel's profitability since these are earnings that (with perfect foresight) could have been applied to previous quarters? $600M is a non-trivial amount, don't you think? Should our models just ignore this? So much of investing is forward looking - maybe we should just forget this $600M. What do you think? Interested in your opinion. regards, jh