Engel, <All time IAG revenues>
What about those nasty "footnotes?"
In addition, "all other" includes certain corporate-level operating
expenses (primarily the amount by which profit-dependent bonus
expenses differ from a targeted level recorded by the segments) and
reserves for deferred income on shipments to distributors not allocated
to operating segments. Adjusted for this distributor deferral, IAG
revenues would be approximately $6,760 million in Q2 2000, $6,650
million in Q1 2000 and $5,850 million in Q2 1999. Accordingly, "all
other" revenues would be approximately $1,540 million in Q2 2000,
$1,340 million in Q1 2000, and $900 million in Q2 1999.
The IAG revenues and profits as reported are meaningless numbers. "certain corporate level operating expenses" (NO NUMBERS, INTEL!) are "allocated to the all-other category."
IAG "income" includes income from distributors that has not been sold to end uses yet. Again, a TOTALLY BOGUS NUMBER.
What does Intel have to HIDE?
Petz |
