Petz:
From intels earnings release:
"The Intel Architecture Group includes microprocessors, motherboards and board-level products, including chipsets.
The "all other" category includes revenues and earnings (losses) from non-reportable operating segments: the Wireless Communications and Computing Group, the Communications Products Group, the Network Communications Group and the New Business Group.
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.
intel.com;
So if you look at Q1 2000 they reported IABG revenues as 6,581 but after factoring disti reserve is now figured as 6,650 per above Q2 release.
This is IN CLEAR contradiction of your statement that they book all sales and then reduce downwards if there are cancellations.
regards,
Kash |
