Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Paul Engel who wrote (87790)	1/18/2000 1:27:00 AM
From: Petz	Read Replies (2) of 1572772

Paul, re:<How could AMD make [$432M on the sale of Monolithic Memories when they] spent $300,000,000 or $400,000,000 to buy Monolithic Memories in the FIRST PLACE - back in 1987!> The joys of accounting! And every year since 1987, AMD has been reducing earning by a little bit to account for the acquisition! Exactly what Intel will be doing in their 10Q quarterly reports to the SEC, but NOT DOING in their press releases to Wall Street (except in a footnote). The fact that AMD was writing off MMI every year since 1987 does not mean it was not profitable, but these profits were reduced by the writeoff amount. By time Vantis was sold, its book value was near zero. Petz

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