Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 37.89

-0.1%

Nov 12 3:59 PM EST

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To: herb will who wrote (133711)	4/30/2001 1:25:59 PM
From: brushwud	Read Replies (3) of 186894

pgerassi, "Excluding acquisition costs but not revenue is a big POS! Not depreciating Plant and Equipment," Well I guess Ernst & Young LLP, independent auditors must be in cahoots with Intel management because I am looking at their unqualified opinion... Excluding acquisition costs is not a Generally Accepted Accounting Principle and not what the auditors signed off on and taxmen want to see, but that's the way Intel always frames its financial PRs. But I think he is incorrect to say Intel is "Not depreciating Plant and Equipment". This Q, Intel's favorite "EPS" (excluding acquisition costs) is being guided towards a dime, which means true EPS will probably be close to zero. Also, there will be the one-time charge for employee stock options repriced this month, additional one-time in-process R & D writeoffs for the acquisitions this month, and the non-hiring bonuses being paid to potential employees for not accepting their pending offers! Bottom line: INTC's Q2 EPS will be negative and they will pay zero income tax. They will guide analysts towards the non-GAAP dime, and then try to pump their 2H prospects in the conference call after reporting true EPS in the red.

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