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Technology Stocks : AMD:News, Press Releases and Information Only!

AMD 223.54

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To: greg nus who wrote (3715)	1/13/1998 12:06:00 PM
From: Paul Engel	Read Replies (1) of 6843

greg - Re: "Paul your accounting is faluty. First the cost or makret rule inturpretation is incoreect." No it is not wrong. Intel's annual report states the following: "Inventories are carried at the lower of cost or market. Cost is computed on a currently adjusted standard basis (which approximates actual cost on a current average first-in, first-out basis)". See Intel's 1996 Annual Report, Page 22, Right Hand column, middle of page. I confirmed this with Intel's investor Relations before I did my analysis. Perhaps you should spend a little more time doing some research rather than writing extensive, verbodse, erroneous and oblique arguments based on your misconceptions. Paul

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