Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 213.43

+6.2%

Dec 19 9:30 AM EST

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To: Joe NYC who wrote (85214)	7/17/2002 6:40:43 PM
From: L. Adam Latham	Read Replies (1) of 275872

Jozef: Re: Is this percentage a hypothetical number if AMD did earn profit this year? I don't understand why they used a 40% rate, as I believe corporate tax rates top out at 35%. In any case I think it is a hypothetical number, because the actual operating loss of ($303M) will be used to offset taxable operating income in the past (or future) years. Adam

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