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Technology Stocks : Advanced Micro Devices - Moderated (AMD) -- Ignore unavailable to you. Want to Upgrade?

To: Dan3 who wrote (48725)	7/23/2001 1:44:39 AM
From: Paul Engel	Read Replies (2) \| Respond to of 275872

Re: "Depreciation is an expense that you pay to yourself - you get to keep the cash, and you don't have to pay taxes on those revenues." You haven't a clue how accounting works - do you Dan? Depreciation will offset profits - and reduce taxes - but if there are NO profits, there is nothing to offset - and there is NO CASH GAIN AT ALL.

To: Dan3 who wrote (48725)	7/23/2001 1:57:13 AM
From: Paul Engel	Read Replies (2) \| Respond to of 275872

Re: "One of the points I've tried to make in other posts is that Intel isn't accounting for enough of its real depreciation costs when it reports its earnings each quarter, while AMD is. " No kidding? So our litlle Dan3 is a lot smarter than Intel's accountants and auditors? Maybe you can explain why Intel's outside independent auditors - Ernst & Young - let Intel get away with falsifying their depreciation YEAR AFTER YEAR - whereas AMD's outside independent auditors - THE VERY SAME Ernst & Young - hold AMD to a much more rigorous depreciation schedule? C'mon Dan3 - 'splain that one !