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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Dan3 who wrote (90253)	10/13/1999 11:52:00 PM
From: nihil	Respond to of 186894

No, it didn't miss "its" numbers, it never promised any numbers. You pay entirely too much attention to balance sheets. There is (almost) no connection between a balance sheet or book value and capitalization. When an acquisition is done with stock (as Intel usually does) its free as long as the stockholders don't drive the price down. Of course, you write off useless assets (R&D you won't pursue) and capitalize or amortize the ones you will. Most companies you disapprove of write off too much (why did they buy the company anyway?) and this lowers current earnings and raises future earnings (if the R&D was really useful). Personally, I like the companies that have made me rich to manage and keep their books as best they can get away with. I'm never fooled by the numbers. I trust management to enrich themselves and me. As soon as they fail for a year I'll cut back my holdings and shift to something else. It's called capitalism.

To: Dan3 who wrote (90253)	10/14/1999 12:40:00 AM
From: Paul Engel	Read Replies (2) \| Respond to of 186894

Danny3Peat - Re: "Intel missed it's numbers" Yep - Intel EARNED $1,900,000,000 (That's $1.9 Billion with a B) in Profit (with a P) and it missed its numbers ! But that AMD JUGGERNAUT Had a BLOW OUT quarter, exceeding analysts WILDEST EXPECTATIONS......by LOSING ONLY $105,000,000 instead of LOSING an EXPECTED $145,000,000 !!!!! Way to go AMD !!!!!! Paul

To: Dan3 who wrote (90253)	10/14/1999 1:37:00 AM
From: Gerald Walls	Read Replies (2) \| Respond to of 186894

Goodwill is an accounting term for "I spent X dollars more on something than it was worth". Bullshit. In all my accounting classes "goodwill" was a term for "I spent X dollars more on something than its Book Value." Book Value almost never reflects the going-concern value of any growth company, and never reflects the value of intellectual capital. Even if Book Value reflected the actual value of a company's tangible assets (which it doesn't because most assets are carried at the lower of cost or market) then it would only reflect the break-up value of the company and would not reflect any of the current and future return the company can generate on those assets. Any claim otherwise is ignorance or deceit.