Has anyone here actually looked at the financial statements?
Three Months Ended
Dec. 25, Dec. 26,
1999 1998
-----------------------------------------------
OPERATING INCOME 2,754 2,836
Interest and other 508 244
-------- --------
INCOME BEFORE TAXES 3,262 3,080
NET INCOME $ 2,108 $ 2,064
===============================================
I don't understand how people see this as a good thing.
INTC's operating income has declined year-over-year. Any
growth that INTC has seems to be coming only from
investments. Furthermore, the investments don't show up
as one time gains, so it seems like Intel is saying "One
time charges are one time charges, but one time gains are
regular income."
Can someone explain to me what's good about the numbers
in this report?
Thanks,
Richard |
