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

To: Paul Engel who wrote (141207)	8/9/2001 9:58:17 PM
From: Dan3	Read Replies (2) \| Respond to of 186894

What's happened over the past year? Intel June 30, 2001 July 1, 2000 Cash and equivalents 3,205 7,308 Short term investments 6,135 5,902 Marketable equity securities 649 6,201 Total liquid assets 9,989 19,411 Undepreciated Capex 17,828 12,324 Goodwill, etc. 6,277 6,240 Debt and lease obligations 928 870 Total unaccounted costs 25,033 19,434 AMD Cash and equivalents 1,057 1,080 Joint venture 377 267 Total liquid assets 1,434 1,347 Undepreciated Capex 2,668 2,588 Debt and lease obligations 754 1,482 Total unaccounted costs 3,422 4,070 Unaccounted costs represent money spent, but not yet accounted for. In other words, eventually, AMD will have to pay off $928 Milllion in Dresden loans and leases - paying money out in that quarter, but not getting anything for it. In the same way, sooner or later Intel will have to charge some account for the $25,033 Million it spent but didn't expense for goodwill and other assets. (AMD has undepreciated capex and Intel has some debt, but those are less important to the respective companies). A year ago, Intel had as much cash as it had yet-to-be expensed obligations - now it has less than half. AMD's long term position has actually improved while it will take $15 Billion in earnings to repair the damage done to Intel's balance sheet during the last year - and $10 Billion of that is after taxes (Intel must expense an extra $5 Billion to pay off the Goodwill etc. and keep $10 Billion to get cash back up to where it was). And they're in the middle of a price war in the midst of a down market. And a Y2K spending splurge won't happen again anytime soon...

To: Paul Engel who wrote (141207)	8/10/2001 11:17:06 AM
From: Jim McMannis	Read Replies (1) \| Respond to of 186894

RE:"Why don't you provide some proof - otherwise, your $100 claim is just a lie" I said ~$100 and you've already offered proof in your "cpu prices are collapsing" posts on many occasions. Even you can't be fool enough to think only AMDs chips prices are collapsing. Intels are collapsing right along with them... Intel gets a teeny bit of gravy off the top 2 speed grades but the vast majority of P4s are being sold at fire sale prices. WHen an OEM can't find a home for these in a computer they a dumping them on the retail market or to distributors. I don't know what's keeping Intels stock price up. Jim