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

To: Tenchusatsu who wrote (86726)	1/12/2000 2:39:00 PM
From: Charles R	Respond to of 1576336

Tenchusatsu, <Don't forget that in the not-too-distant future, 300mm "economy-sized" wafers will go into mass production. Combine those Pizza Hut wafers with a 0.13u process and you can imagine how quickly the manufacturing capacity can grow.> You don't think there will be too many Wilamettes/Merceds on that pizza sized wafer ;-) <Maybe by then, we'll be integrating multi-megabyte caches onto the lowest of low-end processors, not to mention the entire chipset, graphics controller, and everything else but the kitchen sink.> I think Intel's capacity planning is pretty conservative. Just posted my thoughts on this to GF. Chuck

To: Tenchusatsu who wrote (86726)	1/12/2000 2:45:00 PM
From: Petz	Read Replies (2) \| Respond to of 1576336

Thread, here's how Intel will meet 0.63 estimate for Q4'99. Someplace today I read an analyst report saying he expected Intel to meet the 0.63 estimate excluding goodwill. What's interesting is that in Q4'98 Intel earned 0.595 *including goodwill. "Goodwill" is an accountants trick that lets you buy something that is worthless with real cash, but not count it as an immediate cost of doing business. Instead, the accountants let you act as if you bought the worthless goods on a time payment schedule over a long period of time (something like 10 to 40 years). Now what Intel did in Q3, is that they excluded even the piddling 30 year stretchout of acquisition costs from their press release numbers, but kept the charge to earnings in their official 10Q earnings report, because the SEC requires that acquisition costs must be included in earnings reports. The amount of "goodwill" in Q3'99 was exacly three and a half cents per share. It will surely be at least four cents for Q4'99. Know what that means? It means that if Intel reports earnings excluding acquisition costs* of 0.63 tomorrow afternoon, *their true earnings, as required by SEC rules, will be LESS THAN Q4'98!* *Way to go, Intel, FOUR IN A ROW.* Petz