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

To: Process Boy who wrote (97418)	1/24/2000 8:58:00 PM
From: Amit Patel	Respond to of 186894

Article : Pentium III price cuts likely to presage PC discounts yahoo.cnet.com might partially explain AMD stock dropping last 3 days. -Amit

To: Process Boy who wrote (97418)	1/25/2000 11:27:00 AM
From: Thomas M.	Read Replies (1) \| Respond to of 186894

If that was such a "jackass assertion" it would have been easily refuted. Instead, I have a received a bunch of empty flames. The reason I didn't back it up is that it was already explained to you a few days ago, but here it is again. As a very rough figure, half of Intel's "earnings" are simply the result of employee costs being dropped from the calculation. It's GAAP-legal, and very popular. It also very clearly misstates the amount of earnings Intel has. But my point was, one doesn't have be a CPA to see this. There is no cash dividend or float shrinkage to speak of, so all the cash would be on the balance sheet. That level of cash/investments just isn't there. Tom