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

To: Petz who wrote (136592)	6/4/2001 3:14:38 PM
From: willcousa	Respond to of 186894

delete - duplicate

To: Petz who wrote (136592)	6/4/2001 3:14:47 PM
From: willcousa	Respond to of 186894

I think you misinterpreted AMD's numbers. Maybe their payables are down because their credit has been cut off.

To: Petz who wrote (136592)	6/4/2001 4:29:30 PM
From: Paul Engel	Read Replies (1) \| Respond to of 186894

Paniced Petz - Re: "Intel cash balance, if it paid it's bills like AMD does...........................6,643 AMD cash balance, if it paid it's bills like Intel does (not)............2,245" Quick - would you rather have $6.6 BILLION or $2.2 Billion ? Oh - don't forget - subtract off about $1.2 BILLION from AMD's cash - to repay their outstanding DEBT !! So - do you prefer $6.6 BIllion to $1 Billion ? Paul

To: Petz who wrote (136592)	6/5/2001 10:37:27 PM
From: L. Adam Latham	Respond to of 186894

John: Re: Paul, are your pension checks coming late? Here's some embarrassing info about Intel's huge Accounts Payable: ...........................................................AMD......Intel Cash balance:..................................1,596.....10,058 Q1 operating expenses....................1,022.......5,375 Accounts payable:..............................377........5,398 AP, % of 3m operating expenses:......37%......100%>\ I hope you don't charge a fee for your accounting expertise. You should have noticed that Intel's line item of $5,398 is Accounts Payable and Accrued Liabilities. The similar line item (AP + Accrued Liabilities) taken from AMD's balance sheet would be $795, not $377 as you reported. Thus, your calculated % is incorrect also. With a little analysis you also could have noticed that Intel's AP + Accrued Liabilities, as a percentage of total assets (i.e. common size analysis), at 12/30/00 was 13.2%, vs. 10.4% at 12/25/99. At the end of Q1, 2001, this percentage was back down to 11.7%, so it's improving. AMD's similar common size ratio for 12/31/00 was...drum roll please...16.1% vs. 17.2% at 12/26/99. At the end of Q1, 2001, AMD's percentage was also back down to 13.2%, also improving. What's this prove? Not much. Other than pointing out some of your accounting errors, it shows that AMD's and Intel's Accounts Payable and Accrued Liabilities, on a common size basis, are similar, and have improved in Q1 '01 vs. Q4 '00. Adam