Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 244.18

+3.1%

9:54 AM EST

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To: Tenchusatsu who wrote (60072)	10/24/2001 11:34:46 PM
From: Dan3	Read Replies (1) of 275872

Re: Seems like Intel can weather the storm much better than AMD. Intel is down $5 Billion in a year, while AMD is about even for the same period. Intel reported $4.5 Billion in profits for the period, while it's clear from looking at the Balance sheet changes that they actually incurred $5 Billion in losses - a difference of $9.5 Billion. If a company chooses to pretend its costs are 1/3 less than what they actually spent, valuing antiquated, obsolete plant and "goodwill" far higher than its actual value, and then reports profits based upon that fantasy, it's their decision. But the fact is, if the money's gone, it's gone. And Intel is down $5 Billion in a period it reported $4.5 Billion in profits. Look at what happened to NT when they finally adjusted their books to reflect reality. There is a chance that the two companies will back away from this price war for a while, though AMD doesn't expect any truce to last for long.

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