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

To: steve harris who wrote (116740)	6/20/2000 6:01:00 PM
From: survivin	Respond to of 1573849

You gotta love this creative disclosure. "In addition, the company announced it will take a charge to cost of sales in the second quarter of approximately $200 million, or $0.02 per share on a post split basis" From their most recent SEC filing intc has 3,349 Bil. shares outstanding. Either their total shares outstanding has dramatically increased presplit or their math is way off. My calculations find a present value of .06 a share in addition to the q1 charges. (edit Is it possible they are using shares authorized as their baseline? Upon reflection, I recall something about authorized shares increasing to the 10 bil. level post split) Also, I don't recall a release which expected the reader to do the math, anyone else? For an even better example of weasel ease: "This second quarter charge is in addition to the revenue and inventory reserves related to the MTH issue that the company took in the first quarter and disclosed in the company's Form 10-Q filed May 16, 2000. In this filing the company adjusted first quarter revenues for product sold prior to the end of the first quarter that may be returned from customers due to the MTH issue. The company also recorded additional inventory reserves related to such products that may be returned and the company's inventory of these products as of the end of the first quarter. The revision of first quarter's earnings from these reserves had a gross margin impact of $53 million, or less than $0.01 per share on a post-split basis. (you do the math)