Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 41.41

+2.2%

Dec 5 9:30 AM EST

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To: TGPTNDR who wrote (69726)	12/10/1998 11:43:00 PM
From: exhon2004	Read Replies (1) of 186894

TNSGPTNDR: re <<If the cost of inventory production is less than the inventoried book value, you can indeed make EARNINGS(or at least post a quarter or two of them by stockpiling product! Check your Accounting 101 book. The process can't go on very long, and ultimately leads to one time charges or write-offs, but it can be done for a while! My contention is that the Inventory Value at which INTC is booking the high speed PIIs is greater than their actual cost of production, and greater than the ultimate selling price of those chips plus normal mark-up.>> Sorry TG, but if you actually took accounting 101 your instructor is going to retroactively flunk you when I e-mail this post to him/her. Inventory is carried at the lower of cost or market. At least by companies practicing gaap accounting.

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