Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 203.14

-0.8%

Jan 9 9:30 AM EST

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To: ptanner who wrote (77333)	4/17/2002 1:03:03 AM
From: Dan3	Read Replies (2) of 275872

Re: Will AMD be providing poor accounting this quarter if they don't note a $50 million charge against income for the acquisition of Alchemy? Intel spends money on its FABs every quarter, AMD doesn't buy Alchemy every quarter. Alchemy looks like it was bought at a reasonable price, the instant it looks like it isn't worth $50 million, AMD should take a writedown, and show it as a cost in the quarterly earnings statement. And they shouldn't bury that cost in a footnote, while headlining pro forma earnings that exclude that cost. And they shouldn't wait a couple of quarters, then remove the Asset but not include as a charge against earnings because it's a "sunk" cost. Look at the bottom line for Intel: they've been reporting Billion dollar profits while their assets keep shrinking each quarter. Every quarter they have one time costs that they exclude from the earnings considerations. Their financial statements have been disingenuous.

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