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

To: Darren who wrote (60130)	7/14/1998 4:59:00 PM
From: D.J.Smyth	Read Replies (2) \| Respond to of 186894

Kurlack was wrong on one account: Intel states revenue will be up in 2nd half; Kurlack predicted differently.

To: Darren who wrote (60130)	7/14/1998 5:01:00 PM
From: Gorak Shep	Read Replies (2) \| Respond to of 186894

The press release does not state any charge for Q2, only 0.09 for Q1 for Chips. So factoring the charge out, eps was actually down sequentially from $1.01 to $0.66, a 35% decline, in operating earnings. And surprisingly, revenue in Europe was down. Doesn't look that great to me. And the stock ran up a lot in the last week on optimism, an optimism also exhibited by Kumar when he raised earnings estimates quite recently. I bet he wished he hadn't done that!