Re: Intel's Q2 balance sheet shows over 9B in cash. Intel may actually increase its cash in Q3 and Q4.
Just because they have $9 Billion left, doesn't mean they didn't spend $7.5 Billion.
At the rate they were going, they'd be borrowing money in a year. With the current price war, they could run out of cash in 9 months.
June 30, 2001 July 1, 2000
Cash and equivalents 3,205 7,308
Short term investments 6,135 5,902
Marketable equity securities 649 6,201
Total liquid assets 9,989 19,411
freeedgar.com
freeedgar.com
Don't kid yourself, Intel has bet the farm on this price war - if things don't work out the way they hope, bye-bye farm. |
