Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 37.81

-4.3%

Dec 12 9:30 AM EST

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To: Dan3 who wrote (90253)	10/13/1999 11:52:00 PM
From: nihil	of 186894

No, it didn't miss "its" numbers, it never promised any numbers. You pay entirely too much attention to balance sheets. There is (almost) no connection between a balance sheet or book value and capitalization. When an acquisition is done with stock (as Intel usually does) its free as long as the stockholders don't drive the price down. Of course, you write off useless assets (R&D you won't pursue) and capitalize or amortize the ones you will. Most companies you disapprove of write off too much (why did they buy the company anyway?) and this lowers current earnings and raises future earnings (if the R&D was really useful). Personally, I like the companies that have made me rich to manage and keep their books as best they can get away with. I'm never fooled by the numbers. I trust management to enrich themselves and me. As soon as they fail for a year I'll cut back my holdings and shift to something else. It's called capitalism.

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