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

To: steve harris who wrote (105696)	7/15/2000 9:56:15 PM
From: Amit Patel	Read Replies (1) \| Respond to of 186894

Steve, Re : when it was announced iNteL dumped a lot of stock, it was estimated at the time "The $2.3 billion in stock earnings will effectively double the company's second-quarter earnings. Or is there a mistake in the numbers somewhere? Intel's 71c estimate already included about $700M in investment income. So the additional investment income was 'only' 1.6B, (which is about 48c). So, the doubled income is ~96c (not $.71x2=1.42). Hope that explains. -Amit.

To: steve harris who wrote (105696)	7/16/2000 10:16:26 AM
From: f.simons	Respond to of 186894

>>Since the earnings estimate has hovered around .71, it looks like anything below $1.40 would be a disappointment. Or is there a mistake in the numbers somewhere?<< Steve- I wouldn't call it a mistake without more information. One article on cnet making a casual reference like this doesn't mean much to me. You can think it's gospel if you like. The author may not have taken out taxes, and I don't know if the basis of the stock sold was subtracted. If the net gain turns out to be less than 50% of earnings, so what? You have been telling us for weeks how none of this gain should be counted ANYWAY. Now you are saying that not only should it be counted, but it should be a disappointed even if earnings are, say, 1.15 exclusive of the gain. Which rail do you want to ride here? Frank