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Technology Stocks : Intel Corporation (INTC)

INTC 35.75

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11:41 AM EST

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To: Tony Viola who wrote (85768)	7/15/1999 11:35:00 AM
From: Gary Kao	Read Replies (3) of 186894

Tony, Paul, Barry, and all others: Wondering if you have can answer my question. Looking more closely at AMD's numbers, they report $600 or so million in cash, which at a burn rate of -200 million/ quarter could place them in jeopardy by the end of the year. However, they have stated that they have 1-2 million K6 chips unsold and sitting in a warehouse, presumably virtually worthless. I do not see this liability anywhere in the AMD statements. At what point would AMD have to declare this writeoff? I would think it would be substantial, $50 million or so at current ASPs. Thanks for any insight you can provide, Gary

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