Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 41.41

+2.2%

Dec 5 9:30 AM EST

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To: AK2004 who wrote (163990)	4/16/2002 7:57:25 PM
From: Dan3	Read Replies (3) of 186894

The company's shares gained as much as 6.7 percent after Intel said net income rose to $936 million, or 14 cents a share, from $485 million, or 7 cents, a year earlier.... Intel changed the way it accounts for acquisition costs, reducing the expenses it must record each quarter. In the recent quarter, the chipmaker's net income included $111 million in pretax acquisition costs, compared with $660 million a year earlier. LOL!!! so they made $451 million more than last year, $549 million of which was due to an accounting change. Well, Enron's accountants had to wind up somewhere, right?

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