Chuck Hill
Chuck Hill
changes companies earnings far fourth gains growth taking third time
There's big changes taking place. By the time we get to the third quarter, most of these companies are going to be significantly in the black, as far as earnings growth goes. And in the fourth quarter, the earnings gains are going to be huge.
earnings growth percent track
We still think we are on track to see earnings growth of 23 percent for the quarter.
darn good intel investors job provide tools
Intel is doing a good job with the tools they provide investors and analysts. They're not perfect, but they're darn close.
addition capital consumer current faster memory needed pc products ran running several slowing time upgrade
In addition to a slowing of consumer and capital spending, it may be that current PC products are running out of gas. I haven't even thought about upgrading my PC for several years. You used to have to upgrade all the time because you ran out of memory or needed faster processing.
correction high learned lessons people rebound september shares since technology
The rebound in the technology shares since September 21 has been huge. I think the valuations are too high again. I don't think people learned their lessons with the correction we had.
bad good news slope somewhat worries
The good news is that the recovery's in sight. The bad news is that there's a lot of uncertainty about what the slope of the recovery's going to look like and worries that it'll be somewhat disappointing.
absorb built lines time
We built too many fiber-optic lines to nowhere. It will take some time to absorb that.
negative quarter record terms
We still are going to suffer. We are well on our way to a record quarter in terms of negative preannouncements.
bad period terms
This really is a bad period in terms of warnings.
bit despite earnings fourth good growth highest less match negative peak percent pessimism quarter running seen since time
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.
comments forward positive results
I think the Q4 results will be terrible. I think comments going forward will be much more positive than they've been in the past.
results
I think that Q4 results will be terrible.
broken exclude faced indirect reluctant stuff
I think the analysts will now exclude more stuff than they would have otherwise. If I'm faced with all or none, I'm going to say all. If it's broken out, I'm going to be more reluctant to exclude the indirect costs.
I think we'll see more announcements like these.