Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Tony Viola who wrote (66842)	10/16/1998 11:38:00 AM
From: Gerald Walls	Respond to of 186894

First, what Gene said is not true. Intel netted slightly more 3Q98 than they did in 3Q97. From Intel's press release page: "Net income in the third quarter was $1.6 billion, essentially flat with the third quarter of 1997." It was essentially flat. But if you look at the numbers it was slightly down, about 1% I think. One percent is essentially flat in my book.

To: Tony Viola who wrote (66842)	10/16/1998 11:56:00 AM
From: gnuman	Read Replies (1) \| Respond to of 186894

Tony Viola, I think you missed my main point. While income was down only a small amount in Q3'98, when normalized to Q3'97 we see a 5 ½ cent contribution to EPS based on lower 1998 tax rate and fewer shares due to the 12 months of stock repurchases. This is what a number of people are looking at when comparing the Quarters. Just the messenger. ;-) 1998 1997 Income BT $2326 $2440 Taxes $767 $866 Tax rate 0.33 0.355 Net Income $1559 $1574 Diluted shrs 1753 1797 EPS 0.89 0.88 Based on 1997 Income BT $2326 Taxes 825 Net Income $1501 EPS 0.835