Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 210.24

-1.9%

10:48 AM EST

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To: Robert Salasidis who wrote (92480)	1/20/2003 12:43:18 AM
From: Petz	of 275872

re: future inventory writedown? I doubt it. Its pretty obvious that the auditors forced AMD's hand on writing down tax assets to 0 and on reclassifiying an unspecified investment into being an expense; almost certainly this is the AMD investment in Newisys. Does it make sense to you to treat the investment in Newisys as just an expense, i.e., to be instrinsically worthless, except for a few hundred Opteron CPUs and a few hundred motherboards? Yet that is apparently what the auditors forced AMD to do, because iffff AMD goes belly-up, the auditors don't want 10,000 lawsuits from investors saying "You said the book value was $9 and it was really $7!" So if the auditors thought an inventory writedown was needed, they would have gotten one. After all, the total writedowns were way less than the worst case revealed by AMD just a few weeks before. Petz

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