October 18, 2001

The bad news has stopped at Intel, but that's all

Author: JT Smith

"Intel said late on Tuesday that its revenues for the third quarter were down by 25 per cent over the same
quarter last year, and earnings were lower by more than 75 per cent - even after excluding one-time charges
(they were down by 96 per cent including extraordinary items). It also backed off earlier estimates of stronger
growth in the fourth quarter and said next year didn't look that great either. On that news, the shares climbed by
more than 3 per cent at one point on Wednesday, and at $25.50, the stock is up a whopping 30 per cent from
the low it hit after the attacks on Sept. 11.

Does that make any sense?" The Globe and Mail.


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