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To: Billy who wrote (23972)4/14/1999 5:08:00 PM
From: Doughboy  Read Replies (1) | Respond to of 213177
 
The numbers:


First Call Q2 mean estimate was $0.57 per share.
CUPERTINO, Calif., April 14 (Reuters) -
CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except share and per share amounts)
THREE MONTHS ENDED SIX MONTHS ENDED
Mar 27, Mar 27, Mar 27, Mar 27,
1999 1998 1999 1998
Net sales $1,530 $1,405 $3,240 $2,983
Cost of sales 1,127 1,056 2,355 2,281
Gross margin 403 349 885 702
Operating expenses:
Research and development 76 75 152 154
Selling, general, and
administrative 239 223 518 457
Restructuring costs 9 -- 9 --
Total operating expenses
324 298 679 611
Operating income 79 51 206 91
Gain from sale of investment 55 -- 87 --
Interest and other income
(expense), net 19 8 29 15
Total interest and other income
(expense), net 74 8 116 15
Income before provision for
income taxes 153 59 322 106
Provision for income taxes 18 4 35 4
Net income 135 55 287 102
Earnings per common share:
Basic 0.99 0.42 2.11 0.78
Diluted 0.84 0.38 1.79 0.71
Shares used in computing
earnings per share
(in thousands):
Basic 136,371 131,969 135,820 130,021
Diluted 173,204 145,915 172,619 142,769
NOTE: The current quarter's results included a $42 million
net gain after certain adjustment. Without these non-recurring
items, the Company's net profit for the quarter would have been
$93 million, or $.60 per diluted share.




To: Billy who wrote (23972)4/14/1999 5:10:00 PM
From: Greg Keeler  Respond to of 213177
 
Too many people looking for an excuse to sell techs today--"Oh, they made money on other stuff, well that doesn't count" ( etc.,etc.).It's a lot of psychology, image, perception, mood, what-you-had to eat-for -lunch baloney. It will go up when the tech mood changes--could be a couple of week, could be tomorrow morning.