Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 34.50

+2.6%

Nov 21 9:30 AM EST

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To: Brian Malloy who wrote (92157)	11/11/1999 3:38:00 PM
From: L. Adam Latham	Read Replies (2) of 186894

Brian and all: Sanders indicated AMD may break even in Q4. I have a question for the accountants out there. In Q3, AMD had a $110M loss, but didn't take a benefit for income taxes. My limited understanding is that a business can use the tax benefit in future quarters until it is used up. Is it possible that AMD purposely didn't take the benefit in Q3, so that it could cook the Q4 books by using the benefit then? Or am I just misunderstanding the accounting they're using? Thanks, Adam

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