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To: wanna_bmw who wrote (52096)	8/23/2001 12:19:51 AM
From: tejek	Respond to of 275872

Ted, Re: "However the balance sheet indicates the company made a profit last quarter so they shouldn't be burning cash. Where did the cash go?" I assume it went towards acquisitions and/or R&D/CapEx. Intel is still building and expanding their manufacturing on several sites. This costs a bundle. Someone feel free to correct me, though, if these are listed elsewhere on the balance sheet. If it were R&D or capex, then it would be an operating expense and shown as such. Also understand that during that quarter, Intel shows more revs. than operating expenses and made a profit. In fact it a made a profit for each of the intervening quarters. So the cash should have at a minimum remained about the same YOY or grown due to interest revenue. I don't know how cash used for acquisitions is treated but there has to be some kind of entry to explain the transaction, and it would have to be tied-in in some way. Again, the balance sheet I am looking at is not very detailed. However, it appears the cash was spent independent of and without a tie-in to the balance sheet. Even I know that that's not acceptable accounting and it would have been caught long before now so there has to be some good explanation for the missing cash. I may ask J. Fowler, or may be I should call the SEC. ;~)) ted