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

To: Burt Masnick who wrote (80478)11/19/1999 10:44:00 AM
From: Dan3  Read Replies (1) | Respond to of 1584259
 
Re: AMD has a very substantial asset...

It will be helpful in rebuilding the balance sheet, but in regards to the original question: "Is there an adjustment to current earnings because of this?, am I correct in assuming that there is no adjustment to earnings as this particular asset is depreciated?

Regards,

Dan



To: Burt Masnick who wrote (80478)11/19/1999 3:21:00 PM
From: Petz  Respond to of 1584259
 
Burt, re:<tax loss carryforward> I don't think its bigger than a quarter or two of normal earnings. Most of the losses over the past year were reported with tax benefit subtracted out.

Only Q3 showed no tax benefit for the 110M loss, so, correspondingly AMD should be able to report 110M of profits before they have to pay any taxes on it.

Thats only my opinion of the squirrelly world of tax accounting though.

Petz


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