To: Joe NYC who wrote (17935 ) 11/6/2000 6:09:27 PM From: Goutam Read Replies (3) | Respond to Joe,Interesting analysis. But Intel had pretty good timing in selling 2.1 billion worth of securities before the worst of the market decline hit >And it doesn't look like Intel Capital is taking advantage of the bargains out there >$2.1Billions during the last three quarters through deferred taxes, and bloated accounts payable! About $1.4Billions went into financing increased inventories, and Accounts receivables. I believe, their current capital expenditure is so high (besides the cash required for stock buy back), they utilized nifty financial engineering to raise additional cash by differing payments to their vendors, and service providers. I can't see a real good reason why they did this except to increase interest earned by preserving the cash on hand as well as using outsider's money. We just have to wait and see if this pattern continues into this quarter. This is where I noticed some thing interesting - they can't use the Intel capital at will to take care of any bargain acquisitions, investments, or sudden changes in the capital expenditure because now their investment gains are tied to their eps. ust curious: Where did you get the Dec 21 capital loss, and what is it about Dec 21 rather than Dec 31? >
