Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mark A. Forte who wrote (139305)	7/16/2001 10:32:34 AM
From: Mary Cluney	Read Replies (2) \| Respond to of 186894

Mark,<<<. What will happen with INTC tomorrow when the earnings are announced?>>> The guidance is for 10 cents in earnings. It should have been for 8.5 cents, but Andy B. will come in barely at guidance in earnings, but revenues will be below guidance. Of course there will be a lot of explaining to do at the cc. Initially, the market will rally after hours, but as cc approaches, Drew Peck and Joe Osha will be seen spending a lot of time on their cell phones and coincidentally, after hours trading will see heavy selling. Andy B. will of course try to save the day by pointing to all the conservative measures he uses to close the books, telling one and all, that Intel is fiscally sound using very pure accounting methods. Many will be impressed and the market will rally a little bit in the late after hours. But overnight, Osha, Peck, Dan, Pete, GVTucker and others will go into overdrive and point out all the blemishes (inventory, other category, declining margins, etc). The narket will open the following morning mixed, Intel will be down $2.50 and then start to recover closing down $1.45. Stories will abound from portfolio managers heavily into tech, they see light at the end of the tunnel, seasonal increases in the 2H, and yes, Virginia, there is a Santa Claus. Mary