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Technology Stocks : Intel Corporation (INTC)

INTC 37.28

-0.6%

Dec 16 3:59 PM EST

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To: andreas_wonisch who wrote (155508)	1/15/2002 4:31:04 PM
From: wanna_bmw	Read Replies (1) of 186894

Andreas, [Also From Article]"As of the beginning of 2002, Intel is adopting FASB rules 141 and 142 concerning accounting for business combinations and goodwill. The company performed the initial test for impairment of goodwill at the time of adoption and determined that there was no impairment. The effect of the goodwill non-amortization provisions of FAS 141 and 142 is expected to result in a substantial reduction in the difference between the company's earnings excluding acquisition-related costs and the company's earnings on a GAAP basis. Intel expects to continue to report earnings excluding acquisition-related costs for a period of time to provide a consistent basis for financial comparisons." This seems to have a lot of relevance in terms of many heated discussions on this forum about the use of Pro-Forma earnings reporting. Do you have any comments? wbmw

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