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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 214.11+3.9%Nov 26 3:59 PM EST

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To: Elmer who wrote (60109)10/25/2001 2:36:24 PM
From: PetzRead Replies (2) of 275872
 
Elmer, re:Nexgen Your figures are wrong. The 723m earnings total occured despite writing off all of the Nexgen goodwill! In other words, the cost of acquiring Nexgen has already been subtracted from AMD's earnings. Without that, AMD's earnings would have been ~700m higher. Better to compare book value, and you will see that AMD's has been growing much faster than Intel's.

As best as I can figure AMD is still in the red from it's purchase of NexGen. Earnings from '96 - 2000 totaled 723 million. The purchase cost $810 million. That's a loss of $87 million.

Petz
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