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

To: Petz who wrote (87055)	1/13/2000 10:49:00 PM
From: Process Boy	Read Replies (1) \| Respond to of 1572537

Petz - Message 12568798 PB

To: Petz who wrote (87055)	1/13/2000 10:56:00 PM
From: kash johal	Read Replies (2) \| Respond to of 1572537

Petz, re: capital gains of $200M Well intel has what 3.5Bn shares outstanding so real numbers were lower by $0.06/share as Chuck had stated earlier. The realnumbers were NOT a blowout. If we recall AMD after it sold off Vantis had a PROFIT for the first(?) quarter 99 when they took the capital gain. But the real operating number was a HUGE LOSS. And everybody focussed on the LOSS of course (and rightly so). Wonder if the analysts will play along with this. regards, Kash

To: Petz who wrote (87055)	1/13/2000 11:40:00 PM
From: ptanner	Read Replies (1) \| Respond to of 1572537

John <I have NEVER seen a company report capital gains as part of "interest and other income.> Since AAPL has similar investment holdings to INTC I decided to look at their last quarterly statement. They specifically note the capital gains in the income table but it is rolled into an "interest and other income" line. This may be an area where fuller disclosure should be provided, such as Intel's move towards a valuation of their investment portfolio. corporate-ir.net While Intel may not have highlighted this in their statement it was not completely hidden? Intel has been reporting stock sales during the quarter. I agree that all one-time items should be specifically noted so that long-term positions can be more clearly understood. PT

To: Petz who wrote (87055)	1/14/2000 12:47:00 AM
From: Charles R	Read Replies (1) \| Respond to of 1572537

Petz, <Chuck, great DD on the Intel financial statements> Thanks! I gotto do my DD 'cause I don't trust my money to grow well on someone else's opinion ;-) <I have NEVER seen a company report capital gains as part of "interest and other income."> Actually it is not that uncommon for second rate companies to play these kind of games - somewhat surprised that Intel went that route. Chuck

To: Petz who wrote (87055)	1/15/2000 1:07:00 PM
From: Paul Engel	Read Replies (2) \| Respond to of 1572537

Petz - Re: "Capital gains should be reported as a separate line item because it is a one time only income. " Intel's sale of investment equities will NOT BE a ONE TIME Event ! They can - and hopefully WILL - sell small portions of their investments CONTINUALLY - each month - for as far as anybody can see into the future. You are merely suffering from Intel Envy with their huge $8 BILLION profits on investments. Consider Intel's Investment Portfolio - now called Intel Capital - as a Gold Mine ! They can keep selling off the nuggets little by little. And then reinvest those profits into NEW GOLD MINES ! Isn't that a GREAT WAY to run a Business ? Paul