Re: AMD reports $200 Million Loss tomorrow
At a constant revenue to loss ratio, this would be equivalent to Intel losing $1.2 Billion.
Curious equivalent you've selected. Here are Intel's numbers for the past year:
Q3 2001 Q2 2001 Q1 2001 Q4 2000 Q3 2000
Total current assets $16,867 $17,305 $18,739 $21,150 $21,510
Property, plant and equipment, net $18,138 $17,828 $16,774 $15,013 $13,414
Long-term investments $1,414 $1,743 $2,300 $3,712 $6,318
Goodwill and other intangibles $5,602 $6,277 $6,071 $5,941 $6,163
Other assets $2,210 $2,471 $2,365 $2,129 $1,608
Total $44,231 $45,624 $46,249 $47,945 $49,013
From Q3 2000 to Q3 2001, Intel has gone from being worth $49,013 to $44,231, a difference of $4,782 Million. Per quarter, that works out to $1,195.5 Million or almost exactly $1.2 Billion lost, per quarter, for each of the past 4 quarters.
In order to show a loss that small, they've had to inflate the undepreciated value of their plant from $13,414 Million to $18,138 Million - a difference of another $4.7 Billion. Funny that with a plant valued 1/3 higher, the revenue from that "more valuable plant" is down so drastically. If they'd been accounting for the depreciation of their plant investment to keep it level (the way AMD does) their reported quarterly loss would rise to $2.37 Billion, per quarter, for each of the past 4 quarters and accurately reflect the $9.5 Billion Intel lost this year. |
