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


To: Joey Smith who wrote (60100)7/14/1998 4:40:00 PM
From: Steve Porter  Read Replies (1) | Respond to of 186894
 
Joey,

I'm not sure whther or not it was. Was .66 including or excluding .09. And the forward looking statement, while better, weren't great IMHO.. they were more like "It MIGHT get a LITTLE bit better in Q3".

Steve



To: Joey Smith who wrote (60100)7/14/1998 4:41:00 PM
From: Darren  Read Replies (2) | Respond to of 186894
 
$.09 due to acquisition charge. Was this accounted for in the $.68 estimate.

No, so the actual gross is 0.66 + 0.09 (0.75) which beats 0.68. It will be interesting to see if the press stresses this as a positive or a negative. So far, CNBC seems to be saying earnings are discouraging. Based on the forward statements and the current stock price, I don't think so but that's just my opinion. Could have been much worse as 2Q is the slowest quarter of the year...



To: Joey Smith who wrote (60100)7/14/1998 4:58:00 PM
From: Tony Viola  Respond to of 186894
 
Joey, Re: "Net income in the first quarter of 1998 included a
non-deductible charge of approximately $165 million, or $0.09
per share, for in-process research and development
associated with the acquisition of Chips and Technologies, Inc." (Taken from Intel home page).

As you can see, the Chips and Technologies charge was taken in Q1.

Too bad.

Tony