Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 230.82

+1.3%

1:55 PM EST

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To: Pravin Kamdar who wrote (70818)	2/6/2002 8:13:19 PM
From: chuckles58	Read Replies (2) of 275872

Intel's auditor for 2000 was Ernst & Young, same as AMD. There has been quite a bit reported recently, on CNBC for example, that the use of pro forma earnings vs. GAAP earnings could be deceptive, or at least confusing. This is the area Intel has probably the most exposure. The new rules (beginning 1/1/2002) dealing with valuing goodwill from acquisitions as opposed to ratable amortization could jump up and bite Intel and others this quarter. That's alright, just put it after pro forma earnings and nobody will get hurt. Look what that item did to Nortel a few quarters ago. I'm a little worried AMD could get caught in the downdraft. I sold last week at $16.40 anticipating a pull back. (Good call on my part). I panicked and bought 3/4 back in at $16.37 and sat on it. (Poor execution on my part) :-( Good thing I've diversified a little over the last 12 months, these drops in AMD don't hurt as much. Still sitting on 200+% profit on COVD since early December, and looking for more. :-) CB

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