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

To: phbolton who wrote (64336)	9/10/1998 6:03:00 PM
From: Joe Sabatini	Read Replies (1) \| Respond to of 186894

>>Intel's net income and net profit margin will both be down year to year I would have to agree. This reminds me of Adobe's announcement of higher earnings a year ago. Of course, Intel is a quality company millions of times better than Adobe, but I feel this announcement is going to be seen, in hindsight, as a fluke. There is no way this kind of quarter-over-quarter growth can continue. A few good announcements and we are suddenly in the promised land??!! Give me a break. Anybody who thinks the S&P can return to the growth rates of 2-4 years ago is kidding themselves. Joe S.

To: phbolton who wrote (64336)	9/10/1998 6:06:00 PM
From: Duker	Respond to of 186894

Kinda interesting. INTC is including some one time expenses in the gross margin numbers... you would only have to assume $130mm of "one time" write-offs to get to $.88. I have no idea what the magnitude of the "write-offs associated with facilities realignment to improve manufacturing efficiencies" ... but it may not be unreasonable to assume $130mm...given INTCs fixed asset base...that would get you to $.88 ex-one time charges... Maybe there is "no way" to get to $.88 ... just some number futzing.