Intel Corp (INTC)

[imho]

wbmw,

but only $102M in operating income to show for it.

Yep...

Operating income was $102 million in the second quarter, up from $83 million in the second quarter of 2005 and down from $259 million in the first quarter of 2006. The decline in operating income from the prior quarter was due largely to lower sales and increased operating expenses related to an extra week of operations in the quarter, and marketing expenses in support of the company's long-term goals to acquire new customers, expand business with existing customers, and increase commercial sales.

Also a $10 million one time gain (-0.02), and extra week on top.

IMHO