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Technology Stocks : Intel Corporation (INTC)

INTC 48.53

+4.4%

10:32 AM EST

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To: Barry A. Watzman who wrote (36731)	10/21/1997 5:02:00 PM
From: Time Traveler	Read Replies (1) of 186894

Barry, Account receivable: Thanks for replying about my concern for this issue. I have done more research into this subject matter. You are right about receivables not impacting EPS. However, most companies would not claim revenue not yet received as income because nobody wants to pay more tax than one legally owes. Another item which is very important to consider is inventory. In Q3, Intel had $1.507B of inventory, and in Q2, Intel had $1.443B. On comparison, Intel accrued $3.921B of account receivable versus $3.950 in Q2. The numbers from Q2 to Q3 are very much the same. However, if you compare sum of account receivable and inventory in each quarter, you will notice Q3 is $35M more than Q2, which translates to $0.01 per share after tax. Then EPS for Q3 of $0.88 plus $0.01 = $0.89 but still below consensus. John.

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