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To: kapkan4u who wrote (49151)	7/27/2001 9:27:37 AM
From: niceguy767	Read Replies (1) \| Respond to of 275872

kapkan4u: Sony came in at $3 billion yen in profit versus street estimate of $26 billion...JDSU's $50 billion loss in past fiscal year is the largest in history eclipsing by a wide margin, GM's 1992 loss of $23 billion...Oh and that JDSU $50 billion loss last year is on revenues of $3.2 billion...that's right a loss 15 times higher than its revenues! A little premature for any lasting optimism, it would seem. As I have said before, the only thing holding the Nas and SOXX above their near term lows is INTC's inflated, imo, price of $30.00...A comparison of INTC's 2000 and 1999 statements shows significant and troubling changes including the following changes in balance sheet entries: Marketable strategic equities declined by $5.2B from $7.1B to $1.9B. Goodwill, other LT, and other increased by $2.7B from $7.2B to $9.9B (Beats me how one justifies an increase) A glaring income statement change is the $2.9B gain on investments included in eps in year 2000. As can be seen from the balance sheet y/y decline by $5.2B above, INTC no longer has the luxury of padding eps in this manner. To make matters worse, INTC's financial situation has darkened greatly over the past 6 months. Masking this precipitious decline in fortunes was the significant tax rate reduction and the exclusion of acquisition investment costs in the arrival of q2 eps...Looks like INTC will have to buy a whole lot more goodwil over the next 6 months and reduce their tax rate a whole lot further to be successful in continued masking of abysmal financial performance...That tax rate reduction might legitimately work for a while as it would seem that losses are a distict possibility in q3 and q4! For the sake of the Nas and SOXX indices, one can hope that INTC stays around $30...Anything can happen I guess!