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

To: Paul Engel who wrote (88048)	1/19/2000 8:57:00 AM
From: Dan3	Respond to of 1575002

Re: SUNNYVALE, CA--JULY 14, 1999--AMD today reported that the one-time, after-tax gain from the sale of Vantis Corporation offset a substantial operating loss in the just-completed quarter. AMD reported sales of $595,109,000 and net income of $79,896,000, or $0.53 per diluted share, for the second quarter, ended June 27, 1999. The results reflected an operating loss of $173 million, a one-time, after-tax gain of $259 million from the sale of Vantis, the company's programmable logic subsidiary, and restructuring and other special charges of $17.5 million. Excluding the one-time gain from the sale of Vantis and the restructuring and other special charges would result in a net loss of $162 million, or $1.10 per share. Compare that to Intel's latest earnings report, where $411 Million in depreciation charges are conveniently ignored in the press release in order to puff earnings. Note that the real filings include all depreciation charges as required by GAAP rules. Dan