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Technology Stocks : Intel Corporation (INTC)
INTC 46.47-4.5%Jan 30 9:30 AM EST
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To: Dale J. who wrote (60286)7/14/1998 10:51:00 PM
From: ron page  Read Replies (1) of 186894
 
Yes, I agree they are not bound be GAAP. If they do not look at the write downs, half of the equation. They could not look at the saving from the cost cuttings that were accounted for this period. I may be very wrong but I thought why they had to write them down is to match rev./exp. If you take out the write downs for the estimates you have to add back to cost savings for the estimates. If I am way off here I am sorry but this is how I had understood it.
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