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

To: gc who wrote (57075)	6/4/1998 1:40:00 AM
From: Dwight E. Karlsen	Respond to of 186894

gc, keep in mind that there is a whole month left in Q2. Consider that lead time has been shrinking the past year, reducing earnings visibility. The Intel spokesperson was very right and very careful to say that to his knowledge, Intel had no plans of issuing new earnings guidance today. Note also what the spokesperson did not say: He did not say that Intel would meet analyst earnings estimates. All he said was that there was no plan that he knew of to change earnings guidance. What is the earnings guidance? That Q2 earnings should be the low point of the year, and that things should improve in the second half of the year. If Intel does end up missing the consensus estimate, I hope there is no crying on this thread about how Intel "misled" people on the evening of June 3rd. Also keep in mind that Intel has indeed "missed" the consensus by a couple › with no warning issued prior to earnings announcement. That was as I recall last Oct 5th or thereabouts. Remember also that the HP disaster only a short time ago. A couple days prior to HP announcement of earnings shortfall, an HP spokesperson was quoted in an IBD article as saying they didn't have the bloated channel problems that some other PC OEMs had. I'm not long or short INTC. But the price does look pretty attractive at $65.