Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 214.87

-0.1%

3:59 PM EST

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To: AK2004 who wrote (1095)	7/18/2000 7:48:17 PM
From: Petz	Read Replies (2) of 275872

albert, re:<But what happened with increasing capital spending (Osha's point)?> Yes, Intel's capital spending is considerable above its depreciation. I added up all the cash flow numbers and Intel's cash flow was 1.9 billion, vs. 3.1 bilion of earnings. I predicted that Intel would make $1.00 and they did. I predicted that their capital gains would be above even their revised estimate and they were -- 2.341 billion vs. 2.3 billion estimated. Without this additional 41 million, earnings would not have met the magic $1.00 number and just met consensus. However, I was wrong about Intel using a lower tax rate to boost income. That wasn't necessary this quarter. Petz

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