Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: TGPTNDR who wrote (47436)	1/27/1999 12:55:00 AM
From: Paul Engel	Read Replies (1) of 1571937

Pwetender - Re: "a company that got most of it's income from the investment in MU last quarter." You really are clueless ! Intel realized NO GAIN on its Micron Investment. Intel FIRST has to EXERCISE the WARRANTS for Micron stock that it purchased . It would then have to SELL those Micron shares . Intel has done NEITHER ! And besides - Intel's "paper profit" in Micron is only about $661,000,000 (that's the PROFIT - after return of principal) as of today. That would only account for 31% of last quarter's profit. Actually, if Intel ADDED it to last quarter's PROFIT of $2.1 Billion, the Micron profit would only have accounted for 24% of the total. Paul

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