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To: chic_hearne who wrote (2376)7/6/2000 3:18:28 PM
From: John Graybill  Respond to of 436258
 
The irony is that "Crooks" at First Call is the only honest guy quoted in the entire article. :-(

Astounding article. Not because it's happening, but because nobody's even pretending any more that "the number" and its reporting is a total scam. It's an eye-opener even at this point that so many analysts explicitly admit in one article that Intel tells them what their estimate should be, and they simply make it that number.



To: chic_hearne who wrote (2376)7/6/2000 11:15:14 PM
From: GraceZ  Read Replies (1) | Respond to of 436258
 
By pushing the analysts to include a total of $2.3 billion in investment gains in their estimates, Intel will report a doubling of second-quarter profit a share. Without the gains, the company would report a 51 percent increase in profit a share.

Oh man, I recently met a guy who worked for INTC at a family wedding, I told him I thought Intel was turning into a financial holding company....he looked at me strangely and said, "No, we make chips" Oh ok....I must be thinking of a different Intel.