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

To: Cory Gault who wrote (86964)	1/13/2000 6:09:00 PM
From: brushwud	Read Replies (1) \| Respond to of 1572556

If you read Intel's PR, their earnings according to generally accepted accounting principles were only $.61. What's tiresome is that they stoop to accounting gimmicks instead of just using the generally accepted presentation. And their single-digit revenue & EPS growth is not the least impressive. They make a ton of money, but they're overvalued.

To: Cory Gault who wrote (86964)	1/13/2000 6:46:00 PM
From: Charles R	Respond to of 1572556

CG, <This is sour grapes and incredibly tiresome that some of you like to make these accusations.> Clearly you did not read Intel's press release or do not know how to read a earnings statement otherwise you would realize that what I said comes directly from Intel's press release. <I assume the SEC, INTC's auditors, etc like to make sure they use standard accounting practices. > Again. You are not understanding what I am saying. I am not saying there is accounting fraud here! I am saying Intel's core business DID NOT perform. Two entirely different things. <INTC was .06 above estimates and the stock is up near 97 AH...live with it.> I am neither short nor long INTC so it doesn't matter to me. < I am expecting similar good news from AMD next week.> Unlike Intel, in the case of AMD, I expect true growth in core business. < I think these accounting accusations are below you Charles. > Like I said you misread what I said. I am NOT saying there are accounting irregularities. The numbers look pretty clean to me. <This industry is healthy with all the 3rd tier guys gone and two players left.> Finally something we both agree on! Chuck

To: Cory Gault who wrote (86964)	1/13/2000 7:08:00 PM
From: Bill Jackson	Read Replies (1) \| Respond to of 1572556

Cory, It is a game that accountants play with earnings reports. The assorted tricks that place assorted charges here and there on the balance sheet are limited by the SEC. Companies with a streak of good/bad quarters can bury some income/expenses in the report and bring them out to wiggle the final amount up or down a little. It look like Intel did this to 'wiggle' the income up by 8 cents. The accountants and analysts know this and we will see their assessment of those tactics tomorrow. Charles is correct in that it is a form of legal chicanery, however the SEC tolerates it so it is not a hanging offense. Bill