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

To: BelowTheCrowd who wrote (79070)	4/14/1999 2:32:00 PM
From: L. Adam Latham	Read Replies (1) \| Respond to of 186894

Michael: Re: 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. Where are these revenue expectations reported before the announcements (or do they mysteriously appear, like whisper numbers do sometimes)? First call reports earnings estimates, but as far as I know, there is no formal process for reporting revenue concensus numbers. So one analyst saying his revenue estimate was not met is meaningless (at least to me). As far as top-line growth is concerned, Intel's revenues were up 18% from last year's Q1, far from flat. Adam