Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 36.82

+1.5%

Dec 19 9:30 AM EST

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To: Robert O who wrote (145463)	10/16/2001 6:04:19 PM
From: pgerassi	Read Replies (2) of 186894

Dim: Another bout of creative accounting in Intel's Q3 earnings report. It boils down to they want you to think they earned $655 million during the same quarter that book value dropped $836 million. GAAP tells of a $106 million earnings, but that was almost entirely due to a "one time" tax reduction of $100 million. Also their "Other" group after split out of both ICG and WCCG (has the flash in it) from "Other" in previous quarters (kudos here!), loses $10 for every $1 in revenue in Q3. This is mostly undistributed expenses (whatever they can get away with without looking obvious (fat chance!)) mostly from IAG (hey its the "Cash Cow") to improve gross margins. Pete

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