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Politics : Formerly About Advanced Micro Devices
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To: Paul Engel who wrote (32868)5/22/1998 1:59:00 PM
From: Ali Chen  Read Replies (2) of 1571086
 
Paul, <can you remember what Profits are?>
You seem to have an interesting ability to
filter out all non-pleasant facts.

<Intel did indeed EARN PROFITS of $6
Billion last year. Profits - Ali - remember those?>
No, I do not remember those. According to
specialists from Forbes magazine, they were
LOSSES hidden by the tricky accounting system:
Intel "invested" YOUR MONEY into their own
packets using non-accountable employee stock
options plan. 12c per share - that's all what
left from these "investments".

<As for his slant on dividends - that is a poor
way to invest profits. Intel invests in R & D...>
I personally would prefer to reinvest my profits
MYSELF. It is apparent now that YOUR PROFITS
were poorly reinvested by Intel. As per report
from recent Intel shareholders meeting,
zdii.com
"By spending $2.8 billion in research and development
and $5 billion in manufacturing enhancements, Intel is
hoping to buy its way out of slow growth."
This means that earlier investments in R&D were so
insufficient and ineffective that the company
has now a very weak grounds for growth. Since you
have been somehow close to R&D, you should comprehend
that the return from R&D usually happens in 5 to 20
years, so this is a very lame carrot for investors
in the know.

<Intel invests in ... capital expansion and third party software/hardware vendors.>
You mean like that suit-enforced acquisition of
obsolete DEC fab?
Again, given their current overcapacity, spending
$5B in "manufacturing enhancements" does not look
very promising in terms of growth in profits...

Instead of parroting "$6 BILLION! $6 BILLION!
PR-R-R-R-OFITS! PR-R-R-R-OFITS!",
you better show your own ability to comprehend
FACTS, and to interpret them less narrow as
you do.
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