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

To: Dan3 who wrote (141216)	8/9/2001 11:56:13 PM
From: Paul Engel	Respond to of 186894

Blow it Up Your Wazoo Boy - Re: "What's happened over the past year" Looks like Intel has REDUCED their unaccounted costs over the past year - from 4,070 to 3,422 . Thanks for spending your free time sniffing up Intel's pant leg to ferret this out.

To: Dan3 who wrote (141216)	8/10/2001 9:45:05 PM
From: jackrabbit	Read Replies (3) \| Respond to of 186894

Re:Intel must expense an extra $5 Billion to pay off the Goodwill etc. Wrong yet again. Norwalk, CT, July 20, 2001—Today the Financial Accounting Standards Board (FASB) issued Statement No. 141, Business Combinations, and Statement No. 142, Goodwill and Other Intangible Assets. Both Statements may be obtained by placing an order on-line or by telephoning the FASB’s Order Department at 800-748-0659. Statement 141 improves the transparency of the accounting and reporting for business combinations by requiring that all business combinations be accounted for under a single method-the purchase method. Use of the pooling-of-interests method is no longer permitted. Statement 141 requires that the purchase method be used for business combinations initiated after June 30, 2001. Statement 142 requires that goodwill no longer be amortized to earnings, but instead be reviewed for impairment. This change provides investors with greater transparency regarding the economic value of goodwill and its impact on earnings. The amortization of goodwill ceases upon adoption of the Statement, which for most companies, will be January 1, 2002. fasb.org