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

To: Process Boy who wrote (87070)	1/13/2000 11:56:00 PM
From: kapkan4u	Read Replies (2) \| Respond to of 1572702

<Intel reported as operating income the $508 million it realized in interest and sales of equity holdings. Osha said the company had led analysts to believe that that number would be around $200 million. The other area in question is amortization of goodwill from acquisitions, which was $241 million, up from the expected $185 million. Subtract out the difference of both, and you come much closer to 61.3 cents a share, or 2 cents less than the Street's consensus. "They clearly made a conscious decision to boost [the numbers] this quarter, and it is entirely discretionary," Osha says. > $0.61 cents. Intel missed the Q4. I think that Chuck made a great call. Intel is cooking books and promising 61% margins for this year. This is a very good sign for AMD. It shows that Intel will say anything and do anything to support the stock price. The war of attrition for the market share is not an option for them. They see the writing on the wall and are trying to buy time to diversify. Kap

To: Process Boy who wrote (87070)	1/14/2000 12:02:00 AM
From: brushwud	Respond to of 1572702

Intel happened to realize some investment value. There are basically two modes in business--growth & liquidation. Not only are they lumping one-time gains in with investment income, they're selling off their investment portfolio while buying back their own stock. If those investments are good, they should hold them instead of treasury stock (especially since they're only growing at single digits), but they're doing the reverse. When Bob Noyce & Gordon Moore ran that place, they used conservative accounting and reported fully diluted, generally accepted, numbers with extraordinary (one-shot) items broken out separately.

To: Process Boy who wrote (87070)	1/14/2000 12:10:00 AM
From: kash johal	Read Replies (1) \| Respond to of 1572702

PB, I don't think there's a huge disagreement. Intel had a GOOD SOLID quarter. Just not quite the BLOWOUT that it initially appeared when the .69 cents first appeared. And all that investment income can certainly be used to smooth out the numbers to keep the IDIOT analysts in line. I hope it lifts all boats tomorrow - expecially AMD and CPQ. regards, Kash