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

To: GVTucker who wrote (104781)	6/23/2000 8:08:00 AM
From: Road Walker	Read Replies (2) \| Respond to of 186894

GV, Dunno. We'll know for sure in about 3 weeks. On 1 April, the number was $10.818 b. I'd guess the number isn't too different today. I believe it should be reduced by $2.3 Billion, Intel Capitol has less (book) value after producing massive gains from the Micron sale. Intel Capitol has over 400 companies in their portfolio, some private, some public. I haven't been able to find where they make public the number of shares (or dollar value) of each. I don't believe that they make public each transaction within Intel Capitiol, and I don't know how active they are in trading securities. The funds from sales are commingled with other Intel funds, so a large capitol gain sale like the Micron sale actually reduces the book value of Intel Capitol. The book value of Intel Capitol is released once per quarter, about three weeks after the fact. There is no guidance given on projected book value of Intel capitol. Given all that, how do you assign a book value to Intel Capitol on any given day? Your method sounds great from an academic perspective, but I can't figure out how to make it work. First you don't know what's there, second you decrease it's value when it achieves excellent performance. On the other hand, Intel does give guidance for "earnings" for Intel Capitol. They've only given guidance twice and reported three times. But going out a couple of years, when there is a track record in the relationship between earnings and guidance, assumptions can be made on the value of Intel Capitol on any given day. I don't value Intel for the book value of it's fab's, I value Intel for the profits that the fabs produce. The profits are not booked until the products are sold. I like the same model for Intel Capitol, after I have a track record. Agree to disagree? John