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Politics : Formerly About Advanced Micro Devices
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To: Mani1 who wrote (80459)11/19/1999 9:58:00 AM
From: f.simons  Read Replies (1) of 1582953
 
>>Again, I am fairly confident that every Dollar over "break even" is 100% net margin. Taxes of course will be zero resulting in direct increase in the reported earnings.<<

I am not an accountant, but in order to achieve zero taxes, AMD would have to draw down on its loss carryovers from previous quarters. Those losses are an asset. If they are drawn down, that asset is diminished. Is there an adjustment to current earnings because of this?

Regards

Frank
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