earning ... 04 18 2007

Intel, 1Q 2007 -gross profit was much better than expected(51% > 49% est), but revenue was below analyst forecast -drivers: higher selling price and lower cost IBM, 1Q 2007 -capital spending is slowing, sign of weakness in economy -strong Asian and global performance (Germany and east Europe) offset the weakness in U.S -The numbers were in line with expectations Yahoo, 1Q 2007 -Revenue growth continued to decline at Yahoo, 7% vs 13% - SunTrust -Profit was below estimate (1.42 eps est), but droped compared one year ago -Accounting trick, Adaption of new accounting standards SFAS 157 vs 159 -positively impact net interest income, trading income, and mortgage income -16.1 available for sale classified to trading securities -without changing accounting standards, 1.28 instead 1.44 -revenue growth remain soft -NIM 3.02% -Alt-A mortgage book shows weakness April 17 (Bloomberg) -- U.S. regional banks including WellsFargo & Co., Regions Financial Corp. and KeyCorp reported higherfirst-quarter earnings as acquisitions, corporate-loan demand andasset sales countered a decline in credit quality. Profit fell at SunTrust Inc., U.S. Bancorp, M&T Bank Corp.and Comerica Inc., hurt by the squeeze on lending margins andrising mortgage defaults. Wells Fargo -top estimate -first-quarter profit rose 11 percent -commercial lending increase due to services such as electronic payroll -write down subprime assets and increase provision, but no spillover effect to prime mortgages