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

To: Petz who wrote (116759)6/20/2000 7:30:00 PM
From: chic_hearne  Read Replies (1) | Respond to of 1573688
 
Re: Looking up the Q1 financial report, I just noticed that Intel reports earnings using a very low tax rate, for a profitable firm, of 18%. (AMD announced that they will use a 31% tax rate once tax loss credits are exhausted.) The explanation for this is that Intel only pays taxes on its REAL earnings not on the bogus earnings obtained by ignoring acquisition costs and the like.

Petz,

I won't be complaining if AMD can come up with some creative accounting and get the rate down to Intels.

chic



To: Petz who wrote (116759)6/20/2000 8:08:00 PM
From: steve harris  Read Replies (1) | Respond to of 1573688
 
Petz,

re:iNteL earnings

yahoo.cnet.com

I didn't do the numbers, but this article suggests it will effectively DOUBLE Q2 earnings.

The total recall figure as of today, is $253million; next week, who knows?

So does iNteL get assigned a P/E of a financial institution, or a P/E of a leading edge technology company?
(Ok, quit laughing!)

steve


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