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Technology Stocks : Intel Corporation (INTC)

INTC 36.31

+0.4%

11:02 AM EST

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To: Dan3 who wrote (146189)	10/29/2001 2:42:56 PM
From: BelowTheCrowd	Read Replies (1) of 186894

> If they hadn't increased the value of their PP&E on paper Let me say this again: You seem to be implying that the accountants at Intel just randomly added value to their existing PP&E. That's not legal, and it's not what they did. PP&E value is influenced by only three things: * Purchases of new PP&E. Intel did lots of this, which is why the value is up. * Depreciation of existing PP&E. Intel did some of this too. But they depreciated less than they added, so the net number is up. * One time writedowns. When you decide that something is worth a lot less than you are carrying it on the books, even after depreciation. Intel did not do this with PP&E anytime recently that I can recall. You CANNOT "write up" the value of existing assets. EVER! Your suggestion that Intel did this is pure BS. I do share your concern about Intel (and other companies) carrying lots of goodwill on paper that will never turn out to be worth anything. mg

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