NG, Intel's "spendable income" over the first 3 quarters of 2001 is MINUS $1.4 BILLION or even worse. Because that is how much their book value dropped. If I, as an individual find that my Net Worth went down $10,000 over the last 9 months, I would be concerned, because it means that my expenses exceeded my income by $10,000.
And this huge drop in Net Worth of Intel Corporation occurred despite the fact that they claim that their "Plant & Equipment" is now worth $3.1 BILLION or 20% more than 9 months ago! Unless, Intel wants to sell their fabs, "Property, Plant & Equipment" are not "spendable" assets. So, their spendable assets dropped $4.5 BILLION in 9 months
BTW, AMD's book value increased by $0.52 BILLION over the same period, an increase of 14%. They only increased the value of PP&E on the books by $79 million or 3%. AMD's spendable assets rose by $0.44 BILLION during the same time period that Intel's dropped by $4.5 BILLION.
Intel's "net income" is illusory. What matters is, is your bank account rising or falling? AMD's is rising, Intel's is falling BIG TIME.
Petz |
