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

To: Barry Grossman who wrote (60336)	7/15/1998 1:33:00 AM
From: Paul Engel	Respond to of 186894

Barry - Thanks for the detailed Wall Street Journal article on Intel's earnings. Paul

To: Barry Grossman who wrote (60336)	7/15/1998 7:27:00 AM
From: TTOSBT	Read Replies (1) \| Respond to of 186894

Barry thanks for WSJ article. CPQ reported +0.02 more importantly for INTC their channel goals were achieved! "Compaq Reports Second Quarter Results; Achieves Worldwide Channel Inventory Goals" go2net.newsalert.com TTOSBT

To: Barry Grossman who wrote (60336)	7/15/1998 1:20:00 PM
From: Harry Landsiedel	Read Replies (3) \| Respond to of 186894

Barry Grossman. Re: WSJ article. Thanx for posting the WSJ article. That's the first time I've seen a thorough and balanced article on Intel from Dean Takahashi. It got into all the subtleties of Intel's report. HL

To: Barry Grossman who wrote (60336)	7/16/1998 3:35:00 AM
From: Jacob Snyder	Read Replies (2) \| Respond to of 186894

re: Intel earnings: can someone explain: 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. 1.did they beat estimates or not? 2.what, exactly, is an inventory writedown? 3.why does it decrease earnings? 4.why do you have to do it when you succeed in cutting costs? 5.why will it be "one-time"? Is he saying Intel will never cut costs again, or never have another inventory writedown, or future writedowns won't affect earnings, or what? 6. So......INTC's earnings were cut because the company got more efficient.....somehow, that doesn't sound quite right. Of course, I'm not an accountant....... 7. I remember a statistics class, a long time ago, where the professor said: "some numbers are made out of rock, and some are made out of jello. Learn to tell the difference." What are these numbers made of?