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

To: Road Walker who wrote (105791)	7/18/2000 12:03:37 PM
From: JDN	Read Replies (1) \| Respond to of 186894

Dear John and all: Well I hope this afternoon they are thinking of announcing a blowout quarter and fantastic CC. this market sucks today, we need INTC to redeem us. JDN

To: Road Walker who wrote (105791)	7/18/2000 12:12:34 PM
From: Harry Landsiedel	Read Replies (2) \| Respond to of 186894

John and Thread. Re: "Intel earnings " This just in from CIBC World Markets. Following Intel’s June 20 announcement that its 2Q00 results will include two non-operating items, we are adjusting our 2Q00 earnings estimates to reflect these items prior to the release of the company’s 2Q00 results on Tuesday, July 18, after the market close. The first non-operating item relates to the previously disclosed (May 10, 2000) recall for certain Intel motherboards that use the company’s memory translator hub (MTH) chip. At the time of the original announcement of this recall, Intel did not provide guidance for the amount of the associated charge. As of June 20, Intel now estimates this charge will be $200 million. The second non-operating item is that Intel’s interest and other income (mostly from the sale of securities of Intel Capital portfolio companies) will be $2.3 billion, far exceeding Intel’s original guidance of $725 million. Adjusting our original 2Q00 cash EPS estimate of $0.72 to reflect these two non-operating items, we now estimate that Intel will report 2Q00 cash EPS of $0.98. Investors should note that we have made no changes to our operating assumptions (and no changes to any other quarterly cash EPS estimates) for Intel. Our model is changing solely due to the announcement of the two non-operating items. We note that the rest of the Street is also incorporating these two items into their estimates for 2Q00. 2000 estimates: $3.15 (old), $3.42 (new) 2001 estimate: $3.75