The story on slowing earnings growth and revenue growth is not over.
More Quotes from Chuck Hill:
Well, it's still the beginning of the so-called confession season, but it is a little disturbing in that we're running somewhat higher than the normal number of pre-announcements that we would expect this early. And we're running a little bit more negative than we normally do at this early stage.Chuck Hill
Intel is doing a good job with the tools they provide investors and analysts. They're not perfect, but they're darn close.
Chuck Hill
I would have expected, even without FD, to see more preannouncements this quarter. Things are worse out there.
Chuck Hill
The critical question isn't are we having a lot of negative pre-announcements, but are we having more or less than normal.
Chuck Hill
We're doing about what we expected. Going into the reporting season, the estimate were for a decline of 18 percent and we said we thought we'd end up about down 15 but may end up down 16.
Chuck Hill
Overall, the quarter is going to be excellent. We think it will match the 23.6 percent earnings growth for the first quarter, which was the highest we'd seen since back in the fourth quarter of 1993. It's going to be a very good quarter for earnings despite all the pessimism here during the peak time of pre-announcements. But pre-announcements are running a little bit less negative than they usually do so I think it's a bit of an over-reaction.
Chuck Hill
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Patience is the most necessary quality for business, many a man would rather you heard his story than grant his request.
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