Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 36.82

+1.5%

Dec 19 9:30 AM EST

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To: Road Walker who wrote (172098)	12/9/2002 12:33:25 AM
From: pgerassi	Read Replies (1) of 186894

Dear John: You get real! Intel has consistently used changing Pro Forma standards to report earnings. I just showed that even if you used the less generous GAAP standards somewhere money is being thrown down a rat hole (The Dilbert strips of a few weeks ago come to mind). They also stopped depreciation of Goodwill and shrunk depreciation of Fixed Assets while CapEx has been larger than normal. The last two is delaying the day of reckoning even more. Thus, the quality of their earnings is becoming more and more suspect and that definitely is within Intel's control. Their standards of accounting and conduct have been getting worse and worse. I definitely think that accounting standards are lax and allow misleading information to be reported. I blame Intel's ethics in taking advantage of the laxity to mislead the "Retail" investor and I blame the FASB and SEC in allowing the laxity and the ability to be misleading legally. That about covers it. Pete

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