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

To: f.simons who wrote (104655)6/20/2000 5:07:00 PM
From: steve harris  Respond to of 186894
 
Frank,

re: charges

This article I think states the 2c is in addition to the earlier 1c 1Q charge.

cbs.marketwatch.com

steve



To: f.simons who wrote (104655)6/20/2000 5:11:00 PM
From: Road Walker  Respond to of 186894
 
Frank,

Yes, how can they ignore $2.3 Billion? I guess because it's investment income, it doesn't matter? That seems like, um, serious money to me.

In the second to last paragraph of the PR, Intel said that they reaffirmed guidance from their 1st quarter 10Q. If anyone is interested, here is the link:

quicken.elogic.com

$2.3 Billion. Heck, I'm impressed.

John



To: f.simons who wrote (104655)6/20/2000 10:28:00 PM
From: Dan3  Read Replies (1) | Respond to of 186894
 
Re: Looks like the afterhours traders are ignoring the good news as well...

In recent quarters, Intel has sold just enough stock to bring their earnings 1 or 2 cents above the estimates. So some are taking this as an indicator that the current quarter's earnings would be down by about $2 Billion without the sale of stock.

It may be very different this time, but this is probably the cause for street's reaction.

Dan


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