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

To: Petz who wrote (95817)	1/12/2000 3:09:00 PM
From: Robert Douglas	Respond to of 186894

Petz, Intel had goodwill amortization in the 3Q of $121M. After taxes of 39% this amounts to about $73.8 M or 2.1c fully diluted per share. After the changes in the pooling method of accounting for acquisitions, Wall Street has begun to adopt the earnings before goodwill approach. This is hardly news to anyone, except you apparently, and it is far from accounting gimmickry.

To: Petz who wrote (95817)	1/12/2000 3:58:00 PM
From: Amit Patel	Read Replies (3) \| Respond to of 186894

Thread, Did intel pre-announce ? check this out at : biz.yahoo.com Intel (Nasdaq:INTC - news) Shares are up 2 13/16 at 92 1/2, rising for the second day after it announced Tuesday that it will report higher-than-expected fourth-quarter earnings. The chipmaker said that increased sales of personal computers using its microprocessors would boost earnings over estimates. The company will release its earnings tomorrow. did I dose off or is this guy clueless ? -Amit.

To: Petz who wrote (95817)	1/12/2000 9:57:00 PM
From: Process Boy	Read Replies (1) \| Respond to of 186894

Petz - <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.> Well, you better get on a plane a go tell Wall Street what a mistake they're making by adopting this convention. Sheesh Petz. PB

To: Petz who wrote (95817)	1/15/2000 12:42:00 AM
From: Paul Engel	Respond to of 186894

Putz - Re: "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." You are so damn brilliant, it's UNBELIEVABLE ! Is there anything that you can get right? Paul