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Technology Stocks : Intel Corporation (INTC)
INTC 37.81-4.3%Dec 12 9:30 AM EST
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To: Amy J who wrote (104932)6/27/2000 7:18:00 AM
From: GVTucker  Read Replies (2) of 186894
 
Amy, RE: If they give guidance on their earnings, why not use it?

Because the money was not earned in that period.

Let's say Paul Engel owns 100,000 shares of Intel with a cost basis of $0.01, costing a total of $1,000. Today, those shares are worth $13,400,000.

Has Paul made $0 over the past thirty years or has he made $13,399,000? If he sold all of these shares tomorrow, had he earned that income over the past thirty years or did he earn that income only in the 2Q 2000?

GAAP is a set of rules that public companies must follow. That doesn't mean that we have to follow those rules in interpreting financial statements.
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