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

To: Paul Engel who wrote (48963)	7/25/2001 3:32:47 PM
From: brushwud	Read Replies (1) \| Respond to of 275872

Intel just had a fairly bad quarter - and still reported an $854 MILLION profit. Excluding costs of their failed attempts to diversify beyond x86 CPUs, they "reported" $854 million "profit" in their PR headline, but that wasn't their "bottom line". Since they pissed away $1 billion to buy back their own shares, they actually had negative cash flow. Last year they spent $4 billion buying back INTC at $54. Now they're buying back at $29. Tomorrow, in the teens, probably. And in the current environment, their cash yields more than their plant. Every $29 of cash earns about $1/year if they hang onto it. But if they buy a share of INTC, it's currently earning $0.12 (annualized). Only off by an order of magnitude, just like your arithmetic!