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 : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: freeus who wrote (117441)	4/14/1999 1:49:00 PM
From: Eggolas Moria	Read Replies (2) \| Respond to of 176387

<<"Compaq's numbers were awful but Intel's were right in line.>> Meeting expectations isn't the same as having quality earnings: New York, April 14 (Bloomberg) -- A comment about Intel Corp.'s first quarter earnings, which rose 39 percent from the year-earlier period. Net income was 57 cents a share, 2 cents better than analysts' forecasts. Sales were $7.1 billion, below estimates of $7.4 billion. ''There's this misconceived notion that they beat the number, which they didn't,'' said Daniel Niles, an analyst at BancBoston Robertson Stephens. ''They missed the revenue estimation by 4 percent. They beat the bottom line because they had close to $150 million in sales of stock during the quarter which boosted their other income and their tax rate was about 1/2- point lower. If you exclude all that stuff, instead of reporting 57 cents, they would have done about 54 cents.'' FWIW