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Technology Stocks : Intel Corporation (INTC)

INTC 37.32

+1.8%

Dec 30 3:59 PM EST

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To: Saturn V who wrote (139631)	7/19/2001 9:29:50 AM
From: pgerassi	Read Replies (1) of 186894

Dear Saturn: Your losing it! Go back in the corner and cool off! Posts like yours should be given to management! Do I like the stock drop in AMD? No, I don't! Does that make me call others brainless fools? No, I don't! You don't like the stock drop in Intel either! I think it is overblown in AMD's case. I do not like Intel allowed to use proforma earnings instead of those required of most companies including AMD by GAAP standards. Another is this unallocated expense figure being buried in other expenses. Going by the figures for other business, you probably would agree that someone like Jack Welch would have sold all of these other business lines to get rid of the "boat anchor". I strongly suspect that even if this was done, other expenses would be far above zero. At least in the high 9 digit (>$500 million) or even 10 digit dollar range (>$1B). Then they would be allocated to the CPU business being the only one left and IAG is being operated at a loss. Flash is one of those other businesses and was probably not operating at a loss until Q2 and possibly still isn't. It probably accounts for the majority of the other revenue. It should have been a separate category as done in AMD. That it is still in that category is probably due to with its removal, a $400M in revenue had $1600M in losses. And that would be highly unlikely and merely point to the artifice of burying some IAG expenses. As a stockholder of Intel (yes, through 401K mutual funds), I want that broken out! Many here would too! Competative advantage arguments do not hold given that losses are comparable to revenue! Pete

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