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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Amy J who wrote (75320)	10/13/1999 10:17:00 AM
From: Ali Chen	Read Replies (1) \| Respond to of 1574207

AmyJ, <You may be confusing acquisitions - with - investments ... Elmer's report doesn't include one-time acquisition costs. Yours does.> I think it is you who are confused about "inclusions" and "exclusions". I would recommend you first to assess the following statement from Intel's press release: intel.com where they are trying to inflate earning results to 0.55: "This pro forma information is not prepared in accordance with generally accepted accounting principles." What a great "creative" accounting! Why not to exclude something else? For example their capital spendings, on the ground that this equipment will help to make money in future? Did Intel pay for these "acquisitions" out of pocket or not? I don't think that analysts, when talking about projections, included these exclusions (hehe - pun!) into their expectations. Therefore the number is 0.42 no matter which "nonstandard" accounting forms are presented to stupid investors. In addition, as you might already know, the stock repurchases (~$1B in 3Q) are already excluded from expenses. How high is the actual EPS I leave for your exercise.