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Technology Stocks : Intel Corporation (INTC)
INTC 43.48+8.6%Dec 2 3:59 PM EST
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To: wanna_bmw who wrote (168424)7/17/2002 5:15:57 PM
From: wanna_bmw  Read Replies (3) of 186894
 
From AMD earnings release:

Income (loss)
 before income
 taxes          (308,362)  

Provision
 (benefit) for
 income taxes   (121,493)   

Provision
 (benefit) for
 taxes on
 equity
 income (loss)
 in FASL          (1,931)    

Net income
 (loss)        $(184,938)


Wow. That's a pretty nice "provision for Income Taxes" that AMD has. Can anyone help me to understand this concept? I remember asking this question before, and I got some good input, but AMD seems to be losing their shorts, only to get a nice $123M break from Uncle SAM. Where does it come from? Has AMD paid so much in taxes over the past couple years that they are getting it all back now?

wbmw
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