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 (89520)	1/25/2000 5:50:00 PM
From: hmaly	Read Replies (2) of 1571926

Paul.. Re <<<hmaly - Re: ". If not then quit your whining about "LOSSES 3 QUARTERS IN A ROW"" Why ? Are you uncomfortable knowing that AMD lost money THREE QUARTERS in row in 1999>>> Certainly not. In fact the fact that AMD has lost on operations for 3 quarters in a row has helped keep the stock price down and I was able to purchase some. However last quarter AMD ended their 3 quarter streak and recorded the biggest profit in AMD'S history, but Intels streak of missing 4 estimates in a row is still going if standard accounting procedures are used. Now I know the SEC allows a company to optionally report one time losses and gains at their quarterly report but must amend for the 10-Q report. However lately a lot of these reports (not just Intel's) have all sort of accounting gimmicks such that it is now difficult to know exactly how much profit a company made. For instance 2 wks ago Business Wk reported that Amazon.com reported a profit for 3rd quarter-99 instead of a approximately 125 mu loss. How ; by buying stock with amazon's shares they can report that stock as a gain without reporting any expense. In other words by buying $500 mu of another company and issuing $500 mu Amazon.com shares;Amazon.com could report a profit and mask their $125 mu operating loss. Is this fair to the shareholders. Not at all. Same with Intel. By acknowledging gains from one time operations but not including the cost Intel is willfully misleading investors. Now I know Intel in their report stated that the 69 cent figure excluded one time costs, but their 10-q report will have these costs included. But why not give out the figure which includes both gains and costs. Personally if you are going to include one time gains you should also include one time costs.

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