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

To: Road Walker who wrote (104692)	6/21/2000 8:58:00 AM
From: GVTucker	Read Replies (2) \| Respond to of 186894

Intel realized a gain on Micron in the most recent quarter, but that isn't really relevant to the stock price (except for the tax liability, to a small extent). Unrealized gains are equally important. The total value of the portfolio is the main thing here, and I would imagine that if you looked at Intel Capital's portfolio for the second quarter, there probably wasn't much gain or loss. The gain or loss reported on the income statement is meaningless. As far as the $200mm charge is concerned, some analysts had projected that number, but it was only a guess until yesterday. Are you saying that the general public was more aware of the cap gain from the Micron sale than they were of the potential recall charge? I really have no idea. And for a stock like Intel that is driven primarily by institutional interest, I don't think it matters all that much, either. I still maintain that the best way to value Intel Capital is to take a multiple of book value. The better that you think they are, the higher the multiple you can given them. One thing I am positive about is that reported earnings of Intel Capital is only relevant to the IRS, and should not be used when valuing Intel Capital.