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Technology Stocks : Intel Corporation (INTC)

INTC 36.85

+1.6%

Dec 19 3:59 PM EST

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To: Charles Tutt who wrote (174912)	6/25/2003 1:46:04 AM
From: The Duke of URL©	Read Replies (2) of 186894

It's just a fact. The operative code sections in the internal revenue code are 358, 362 and 1032 for the income statement if memory serves, I have not looked at it in a while. And on the balance sheet the only notation is from "authorized" to "issued". You can even avoid the newer diluted share rules if you had the shares "issued" prior to the transaction. ANYONE giving investment advice in the stock market should know these things. And it is fraud not to disclose the fact of the transaction, if it is significant. The accountants were relying on an old case which held that they were not liable to third parties (investors) for audited results. The case was dead wrong, but you people who kept bad mouthing those mean nasty attorneys kept the case from being overturned. And congress did its best both to prevent those attorneys who knew it was wrong from instituting class action cases to overturn it and to prevent Arthur Levitt and the SEC from disclosing the obvious conflict of interest. These, by the way are the same group of guys that revoked glass stegall.

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