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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (116739)	6/20/2000 5:20:00 PM
From: steve harris	Read Replies (1) \| Respond to of 1573841

ted, I think today would have been a good day to pick up a few iNteL PUTS. They said 1c for Q1, now is it "oops, uh 2c more in Q2"? 3c now? Do I hear 5c? iNteL management still proceeding as scheduled. :o) steve

To: tejek who wrote (116739)	6/20/2000 5:23:00 PM
From: tejek	Respond to of 1573841

Now I know why Intel traded a lot more shares this quarter.....had to pay for recalled parts. If they keep screwing up and producing defective parts, the increased trading may force them to become a MM like Knight Trimark. That Barret is a clever one, don't you think? ____________________________________________________________ Intel Says 2nd-Qtr Charge for Faulty Parts to Be $200 Million Santa Clara, California, June 20 (Bloomberg) -- Intel Corp. said it will take a second-quarter charge of $200 million for replacing faulty parts and said earnings from interest and other investments will be more than triple what it expected. Intel, the world's largest computer-chip maker, expects interest and other income of about $2.3 billion, boosted by higher- than-expected gains on the sale of some investments. That's up from the $725 million the company predicted earlier. The company last month said it would take a charge to cover the remaining costs of its plan to replace defective personal- computer motherboards. It said today the charge would be 2 cents a share. Some users of the company's 820 chipset motherboards, which hold all the chips that run a PC, had problems with their machines shutting down, freezing up or losing data. Intel, based in Santa Clara, California, will report earnings July 18. Excluding the interest and the motherboard-related costs, the company said it isn't changing its forecasts for the quarter. Shares rose 1 13/16 to 138 5/16. Intel released the forecast after the close of regular U.S. trading. Jun/20/2000 16:54 ET For more stories from Bloomberg News, click here. (C) Copyright 2000 Bloomberg L.P. Any redistribution of Bloomberg content, including by framing or similar means, is expressly prohibited without the prior written consent of Bloomberg L.P. Any reference to the material must be properly attributed to Bloomberg News. The information herein was obtained from sources which Bloomberg L.P. and its suppliers believe reliable, but they do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any securities or commodities.(C) Copyright 2000 Bloomberg L.P. BLOOMBERG, Bloomberg News, Bloomberg Financial Markets, Bloomberg Television, Bloomberg News Radio are trademarks, tradenames and service marks of Bloomberg L.P.

To: tejek who wrote (116739)	6/20/2000 5:31:00 PM
From: Gopher Broke	Read Replies (2) \| Respond to of 1573841

Excluding the impact of the change in interest and other income and the MTH motherboard replacement cost charge, all other guidance provided in the Business Outlook section of the company's first quarter Form 10-Q and earnings release remains unchanged. So Intel is effectively announcing an additional $0.14 in revenue for the quarter, which should give them a healthy boost to profits. Will this be regarded as good news tomorrow or is it already factored into the share price? The share price seems to have moved up remarkably for a company projecting revenues would be flat for the quarter.