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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 239.41-3.0%2:15 PM EST

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To: Monica Detwiler who wrote (66516)12/28/2001 3:26:23 PM
From: pgerassiRead Replies (1) of 275872
 
Monica:

You are lying to yourself! You must remove the costs of employee stock compensation of $1 billion a quarter, so IABG made only $328 million, not enough to cover those losses in other (which probably includes more IABG costs that they are willing to admit). I will assume that the other business might lose some money, but not $1.25 billion a quarter, else those acquisitions were an utter disaster.

All that is really going on is you want to deny facts! One fact is that Intel lost net worth in Q3 and in each of the quarters before that, this year (and back even more quarters). Calling others liars just because you do not want to acknowledge inconvenient facts is a cop out. And you know it! We (those of us that you claim as liars) have opposing viewpoints but, we are not lying!

You have yet to prove your points. Intel's pro forma division of expenses leaves a lot to be desired (they appear to use every loophole they can find (I am amazed at their inventiveness without being called upon by these so called analysts)). When the ESOP costs have to be disclosed, then AMD and Intel will be on a more even footing. ESOPs are bad for shareholders until the practice is either disclosed with all of the costs enumerated or simply stopped (I voted down management grants of stock options to themselves every time it comes up (I am a firm believer of direct compensation partially covered by performance targets)). ESOPs based on market prices are ok and can be run without shareholder approval (does not use company money to pay for the stock, just the administration).

Pete
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