Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Elmer who wrote (75253)	10/12/1999 7:42:00 PM
From: Petz	Read Replies (4) of 1585030

Elmer, re:<Intel earned $1.9 Billion. This was up 21% y2y and 7 percent sequentially.> This source seems to disagree with your Polyannish attitude: INTEL FALLS SHORT During the quarter Intel acquired four companies -- Dialogic, Level One Communications, Softcom Microsystems, and NetBoost -- for a total of over $3 billion. That accounted for substantially all of the acquisition-related costs for the third quarter, the company said. As a result, net income was down 6 percent from the third quarter of 1998, to $1.5 billion, and down 17 percent sequentially. Earnings per share were 42 cents, down 5 percent from 44 cents in the third quarter of 1998 and down 18 percent sequentially. from techweb.com Why should we ignore Intel buying overhyped profitless Internet, e-commerce and networking companies at peak prices? Two years from now, Intel will wish they had paid more attention to their core business and not wasted billions on profitless acquisitions. Petz

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