Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Cory Gault who wrote (86964)	1/13/2000 7:08:00 PM
From: Bill Jackson	Read Replies (1) of 1572618

Cory, It is a game that accountants play with earnings reports. The assorted tricks that place assorted charges here and there on the balance sheet are limited by the SEC. Companies with a streak of good/bad quarters can bury some income/expenses in the report and bring them out to wiggle the final amount up or down a little. It look like Intel did this to 'wiggle' the income up by 8 cents. The accountants and analysts know this and we will see their assessment of those tactics tomorrow. Charles is correct in that it is a form of legal chicanery, however the SEC tolerates it so it is not a hanging offense. Bill

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