Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 249.66

+7.6%

3:59 PM EST

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To: niceguy767 who wrote (77315)	4/16/2002 11:56:08 PM
From: ptanner	Read Replies (2) of 275872

niceguy, re: "Were INTC to eliminate goodwill from its balance sheet, S/E would be reduced" OK. This is a reason I hadn't considered but I don't think this is an asset that ought to be awarded any value in analyzing an investment. The disparity with AMD, however, is something which I have noted and do appreciate. AMD's balance sheet is much improved. However, AMD as an investment hasn't necessarily followed course. While AMD did make a bunch of money, the conversion of the convertible bonds to shares was a substantial portion of increasing S/E (same assets but less debt) but the affect on S/E per share was more muted (I couldn't find the particular qtrly balance sheet to do the math - I did look). S/E should be considered on a per share basis to include the affect of AMD's dilutive options and convertible bond redemption. To the extent that Intel's goodwill may be impaired... wouldn't this already be reflected in its share price? Would Intel be a different investment if they gave all the "goodwill" to charity? <pun intended> I appreciate your perspective on this but do not consider it a concern. Particularly not for AMD's future prospects. -PT

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