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

To: Jay Durell who wrote (78629)	4/12/1999 7:50:00 PM
From: John F. Dowd	Read Replies (1) \| Respond to of 186894

Jay:Isn't this what their guidance was? JFD

To: Jay Durell who wrote (78629)	4/12/1999 8:45:00 PM
From: Dennis R. Duke	Respond to of 186894

According to a Merrill Lynch report on 4/6: Our Q1 estimate of $1.10 (re-stated is $.55) reflects what we believe are reasonable expectations - it is based on a revenue forecast of $7.3 billion, a 22% YoY (year over year) increase and a 4% sequential decline. Our $4.73 per share earnings estimate for all of 1999 reflects our belief that falling PC prices will stimulate stronger unit demand than anyone currently expects. Two comments: 1) If the whisper is expecting flat with last quarter sales, then the EPS should be better than ML's analyst predicted. 2) The market's reaction today clearly confirms the latter bolded comment. Except for those, like me who bought today. ----- These folks do like to give upside surprises in their earnings reports (see "Earnings History, in the URL below): biz.yahoo.com ----- I don't want to sound dumb. But is it possible that some of today's trading was because this was the first day it traded post split and people got the CPQ thing mixed up with the post split INTC price as potentially being a major haircut to INTC from the CPQ announcement? Just a thought.... Best of luck, (-8 Dennis 8-)