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Technology Stocks : Intel Corporation (INTC)
INTC 40.56+10.2%Nov 28 9:30 AM EST
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To: Haim R. Branisteanu who wrote (105882)7/18/2000 8:01:44 PM
From: Road Walker  Read Replies (1) of 186894
 
Hiam,

re: "Intel Earnings are actually FLATT !!!!

Here we go again. You can choose to select whatever numbers you want from the report, but the results that count are in the following statement:

For the second quarter, net income excluding acquisition-related costs was $3.5 billion, up 98 percent from the second quarter of 1999 and up 16 percent sequentially. Second quarter earnings excluding acquisition-related costs were $0.50 per share, an increase of 92 percent from $0.26 in the second quarter of 1999, and up 16 percent sequentially.

Including acquisition-related costs in accordance with generally accepted accounting principles, second quarter net income was $3.1 billion, up 79 percent from the second quarter of 1999 and up 16 percent sequentially. Earnings per share were $0.45, up 80 percent from $0.25 in the second quarter of 1999 and up 15 percent sequentially.

If you want to impose your own interpretation of the accounting rules you are free not to buy Intel as an investment. Intel is earning real money and paying real taxes.

(BTW, what was AMD's tax rate in the first quarter, and what will it be in the second quarter? I suppose that is not relevant to their EPS?)

John
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