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

To: Jules V who wrote (60474)	7/15/1998 8:48:00 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 186894

Excerpt from The Motley Fool(emphasis mine): Intel (Nasdaq:INTC - news) gained $3 9/16 to $84 1/4 on over twice its thirty day average volume after reporting second quarter earnings of $0.66 a share late yesterday, compared with $0.92 in Q2 1997 and the analysts' mean estimate of $0.68. Excluding a $0.05 charge for inventory write-downs, the company had EPS of $0.71, which would have exceeded estimates. Quarterly revenues stayed roughly flat at $5.93 billion, while operating income dropped to $1.606 billion from $2.34 billion a year ago and $1.78 billion last quarter. The upshot of the quarter is that the company came in with a return on beginning invested capital of nearly 28% (annualized) for the quarter, which puts it firmly in the upper echelon of S&P 500 companies in terms of capital productivity. Combined with the company's guidance for an increase in revenues for the next half of the year and an increase in gross margin by a couple of points, the forward estimates of $3.11 per share for fiscal 1998 look to be solid. If this type of ROE doesn't warrant a higher multiple, I don't know what does. BK