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Politics : Formerly About Advanced Micro Devices

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To: Petz who wrote (75254)	10/13/1999 2:59:00 AM
From: Amy J	Read Replies (1) of 1574247

John, RE: "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:" Elmer's report doesn't include one-time acquisition costs. Yours does. RE: "Why should we ignore Intel buying overhyped profitless... companies" This is incorrect. According to Intel's CFO, in the quarterly conference call today, Andy said all of these acquisitions were profitable. You may be confusing acquisitions - with - investments into Internet startups. However, these have been profitable for Intel too: "One of the more interesting additions to this year's list is Intel, whose Corporate Business Development Group tied (with W.S. Investments) for No. 3, with a return of 633.3 percent from its investment in Inktomi ... proved that it has the financial and strategic shrewdness to compete with the nation's top-performing VC firms." redherring.com By Cheryl J. Myers Red Herring magazine supplement Going Public 1999

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