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

To: Paul Engel who wrote (75523)	10/14/1999 3:16:00 PM
From: Petz	Read Replies (2) \| Respond to of 1572510

Engel, re:<Petz - Re: "ho-hum another Intel acquisition at 15X book value (DSP). Amortization of the goodwill on this one will decrease Intel earnings by 75M a quarter for the next five years. With 9.5M in net income in DSP's best ever last quarter, just subtract 65.5M/(3.556 billion shares) or 1.8 cents per share from Intel's earnings for the next five years. A billion here, a billion there, even for a company with 3.6 billion shares, it starts adding up."> Oh, I forgot to mention, Intel has only $3.42 per share of cash plus short term investments. AMD has $2.56 per share. As a percentage of market value, Intel has one third the cash of AMD. Petz

To: Paul Engel who wrote (75523)	10/14/1999 4:20:00 PM
From: tejek	Read Replies (3) \| Respond to of 1572510

RE <<<And AMD's nemesis is re-investing in excellent growth technologies such as CDMA Wireless chip sets, networking interface chips, Web Hosting centers, etc.>>> Yes, and I understand that now you are no longer a chip company....that, in fact, the church of intc now is calling intc a networking company. In addition I also understand that God has spoken to intc's cfo and told him that he no longer has to follow normal accounting practices. God's concern of course is that intc, otherwise, would not make its numbers. And finally, lets get to intc's latest acquisition, DSP. Aren't you curious as to why the company's stock dropped from 32 to 18 recently....and about some of the comments re DSP that surfaced during that time? You should check it out....it makes for interesting reading. In any case since intc is now a networking company, I am sure you will be posting over at csco so let me the first to wish you a safe and speedy trip. ted