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

To: Bill F. who wrote (125155)	1/16/2001 9:39:32 PM
From: Lucretius	Read Replies (2) \| Respond to of 186894

give it up. do you really think they care about the numbers? -g- the chart isn't going down rt now, that's all they care about... LOL pretty pictures RULE... HO HO HO -s-

To: Bill F. who wrote (125155)	1/16/2001 9:45:06 PM
From: Mary Cluney	Respond to of 186894

Bill, <<<just curious how is 20-21 cents wrong>>> If Drew Peck is right and the computer age is indeed over and the recession turns into a depression, your 20-21 cents could be a little too high. I think all those executives were won over by Dubya at that little meeting in Austin, Texas where Michael Dell, John Chambers, Carly Fiorini, Craig Barrett, Jack Welch and some of the other CEOs were colluding with Dubya by bad mouthing the economy and looking for some big tax breaks. I also suspect Andy has some play in those company numbers. SG&A, R&D, and Cap Ex could indeed be lowered if sales tank as Drew Peck suggests. I think Drew Peck is making one last ditch effort to be an axe on Intel. We will be holding his feet to the fire with respect to his dire PC predictions. Mary

To: Bill F. who wrote (125155)	1/17/2001 9:02:26 AM
From: Alastair McIntosh	Respond to of 186894

Bill, regarding your (wrong?) 0.20 to 0.21 eps estimate (REUTERS) RESEARCH ALERT-Goldman lowers Intel 2001 EPS estimate NEW YORK, Jan 17 (Reuters) - Goldman Sachs on Wednesday said analyst Joe Moore cut his 2001 earnings estimate for world-leading chip maker Intel Corp. <INTC.O>. Moore, joining a host of analysts a day after Intel forecast 15 percent lower first-quarter revenues, shaved his outlook 35 cents to $1.05, from $1.40 a share, excluding investment gains. Moore also cut his first-quarter estimate to 21 cents from 36 cents a share. "We anticipated a downward revision in numbers but due to a combination of weaker revenues and higher expenses, earnings compression is quite a bit more severe than our expectations," Moore said in a research note. ((--Jackie Sindrich New York Newsdesk 212 859 1700--)) REUTERS * end of story *

To: Bill F. who wrote (125155)	1/17/2001 11:53:35 AM
From: Hightechhooper	Read Replies (3) \| Respond to of 186894

Bill, your math is great but the assumptions are the things that I disagree with (I realize you are using the assumptions Andy stated). I believe they gave guidance they know they can beat even if things worsen further. Specifically, the 15% sequential revenue decline is probably about right (even though they probably think they can beat that). But for operating expenses to stay flat with Q4 with this type of revenue decline AND in an envirnoment where SG&A will be closely monitored is beyond conservative. In addition, no gains from INTC capital is yet another low ball move. The 58% gross margin is probably a worst case scenario also and I bet they think they can get closer to 60%. They are doing this to absolutely ensure that they don't have to give a third warning in a row. I think they will hit 25 cents and the order momentum in the last 3 weeks of the quarter will determine if they put more expenses into Q1 or Q2. I realize my view is not tied to the tangible guidance given, instead it is based on "reading between the lines" and having put together more than a few internal forecasts in my day. good luck to you,