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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: ViperChick Secret Agent 006.9 who wrote (47646)	7/15/1998 12:06:00 AM
From: Dwight E. Karlsen	Respond to of 58727

but INTC may set the tone next week but what can it say that will surprise it will make its numbers because it didnt warn Now this evening from the WSJ.... Intel's reported earnings were less than analysts' consensus of 68 cents, as tallied by First Call. But Andy Bryant, Intel's chief financial officer, said on a conference call that Intel's income was lowered by three to four cents a share due to inventory write-downs that reflected the company's success in cutting costs more quickly than expected. Adjusting for this one-time phenomenon, some analysts were figuring Intel's operating earnings per share at about 70 cents, better than Wall Street's consensus. --------- So I guess in a way you were right, lisa. Nowadays a high-tech company can miss estimates and still manage to beat them, even without taking out any "one time charges". Savvy investors today look for the "one time phenomenon", and come up with numbers that actually beat estimates...what a remarkably wonderful time to be investing (er...on the long side I mean). -GG-