Smart1

Q1 Earnings: Potential Winners and Losers

I think the Intel 3 cent estimate is very conservative. Their Q4 2008 number was low because of a write down of almost $1B. Without that, I think they would have been over 20 cents. I understand that Q1 revenues will be lower but, assuming there is not another big write down, I don't see the earnings falling that much. I kind of roughed in the numbers and came up with 12 to 15 cents. Granted there are several high impact variables but I tried to take a conservative position on most of them and still came up with 12 to 15 cents.