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To: Mani1 who wrote (5787)8/20/2000 9:23:39 PM
From: f.simonsRespond to of 275872
 
Mani-

That is no where close to being accurate. Analyst and media have been extremely critical of Intel in this regard.

I should have said "investors" rather than "people." If it is so obvious, why did Intel not take a huge hit? Why did investors ignore such clear bad news?

And I am sure all the INTC investor will also be critical after the capital gains diminish and year over year comparisons will look poor.

I agree. Intel should have not included any capital gains in earnings, taken the hit for a bad quarter, if that is what they were left with, and gotten on down the road. Instead, they may have pushed the misery out for a quarter or two. Another possibility is that Intel has a trick up its sleeve, will have blow-out Q3 results, and will be able to keep cap gains out of it and still have a nice quarter. I don't know, but I continue to be genuinely puzzled as to why Intel didn't take a hit the day after earnings if the cap gains stuff is so obvious.

Frank