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

To: pgerassi who wrote (145467)	10/16/2001 6:28:12 PM
From: fingolfen	Read Replies (2) \| Respond to of 186894

Another bout of creative accounting in Intel's Q3 earnings report. It boils down to they want you to think they earned $655 million during the same quarter that book value dropped $836 million. GAAP tells of a $106 million earnings, but that was almost entirely due to a "one time" tax reduction of $100 million. Also their "Other" group after split out of both ICG and WCCG (has the flash in it) from "Other" in previous quarters (kudos here!), loses $10 for every $1 in revenue in Q3. This is mostly undistributed expenses (whatever they can get away with without looking obvious (fat chance!)) mostly from IAG (hey its the "Cash Cow") to improve gross margins. Pete, If you honestly believe there are accounting irregularities, put your money where your mouth is and go to the FTC. Otherwise, stop being such a poser.