Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: deibutfeif who wrote (133732)	4/30/2001 4:55:15 PM
From: pgerassi	Respond to of 186894

Dear Deibutfeif: They get to be complacent too. It is not good but, it happens. There is a reason for the phrase "Investor Beware". Did auditors catch some of the biggest frauds? The largest to date was in insurance company. They kept two sets of books, lots of fictional policyholders. An old disgrunteled worker turned the government to the case. Shareholders lost Billions. I am sure CA and DH had reputable auditors too, and they did not catch the irregularities either. It may even be worse than the auditors know. They know Intel earned 7 cents, not 16 last quarter. If more depreciation were taken, they would earn even less. The value of assets like FABs decrease not as the government allows, but in fits and starts. When an overbuilt environment occurs, FABs are worth much less than book value. When they become obsolete, FABS are worth far less. It is a well known fact that business computers may depreciate over three years per the government in a straight line method but, the value goes down quickly once it passes the cutting edge and it is old before a year is up. Any accountant will tell you this. Why can't you understand it? Pete