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

To: John F. Dowd who wrote (78984)	4/14/1999 8:10:00 AM
From: Joe Gun	Read Replies (3) \| Respond to of 186894

INTEL trading @ 60 1/2 on 127,000 shares (PS I have Instinet)

To: John F. Dowd who wrote (78984)	4/14/1999 2:15:00 PM
From: BelowTheCrowd	Read Replies (2) \| Respond to of 186894

John, They met the earnings number. They did NOT meet revenue expectations. Approximately 7.1 billion vs an expectation of ~7.5. These days the street is looking a lot more carefully at top line growth, rather than bottom line. Been fooled too many time by companies which have pumped the bottom line by deferring expenses, one-time cost cutting, and other things which don't provide sustainable changes to earnings. Same thing happened to HP. Managed to meet the earnings, but got killed because revenues were flat. The street is looking for revenue growth above and beyond anything else. Of course, many take this to an extreme, as is the case with internet stocks (growing revenues phenomenally, but in many cases also growing the losses). mg

To: John F. Dowd who wrote (78984)	4/14/1999 9:43:00 PM
From: jmac	Read Replies (1) \| Respond to of 186894

The reason was the same as that for DELL. INTC came in $400M short in revenues. They made a $.01 from a favorable tax rate, another $.01-$.02 from capital gains on the sale of other co. stock, and interest. In other words, they fell short on revenues and without these special items, came in either as expected or short by $0.01. However, I am with you. If INTC makes .55 each quarter, that's $2.20/share for an EPS of, what, 25. Enough is enough. For one of the greatest, solid companies out there, this company gets no respect. And, it hasn't for years. And, I don't think it ever will.