Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 43.46

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12:32 PM EST

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To: John Hull who wrote (168426)	7/17/2002 6:11:04 PM
From: L. Adam Latham	Read Replies (2) of 186894

John: We discussed this several days (weeks?) ago. AMD can use the tax benefit to offset taxes paid from the past two years, and/or up to 20 years into the future. They paid about $250M in income taxes in 2000, so I believe they could either refile the 2000 return and get a cash refund, or use the benefit in the future to offset taxes paid. Looks like AMD has about $1B in cash and short-term investments, along with $1.1B in total current liabilities. So it looks like they might need that cash refund. The detail I don't know about is whether AMD has to wait until the full-year results are in to file an amended return for 2000, or whether they could do it now. Qgambit helped on this before - do you know? Adam

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