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Technology Stocks : Intel Corporation (INTC)

INTC 36.20

+0.1%

Dec 26 9:30 AM EST

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To: Paul Engel who wrote (139512)	7/18/2001 1:49:35 AM
From: pgerassi	Read Replies (2) of 186894

Dear Paul: The thing to really know if a company is actually earning money is to look at current total stockholder equity. For the last six months, Intel numbers in this have dropped just under $600 million. Subtract dividends of just under $270 million and you get that Intel lost over $300 million in net worth over the last six months (4.4 cents per share). AMD, on the other hand, gained over $628 million over the same period ($1.84 per share). It just goes to show how you can cook the books to show profits while actually incurring losses. No wonder Intel has to restate prior periods to correspond to new classifications. And the fiction of placing unallocated corporate expenses straight into "Other's" expenses (see note in Intel's press release of Q2 earnings) to see the "creative" allocation of expenses. This makes "Other" profits (losses) look so much worse than IAG profits. I guess Intel had to unallocate more expenses in Q2. Pete

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