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

To: Dave who wrote (145951)	10/24/2001 12:38:03 PM
From: Ali Chen	Read Replies (2) \| Respond to of 186894

Dave, "There are many reasons why corporations choose to repurchase their common stock." I am not questioning those reasons, they all are fine. My point (and the point of the old Forbes magazine article) is that the current reporting of major financial performance parameters (like quarterly profit and EPS) is grossly misrepresented by not including the buyback expenses. This is an accounting loophole. When the buybacks are a necessity for a company and are done at a regular rate of $1BILLION/Q like Intel does, which currently exceeds their operating profit by factor of 2.5 (making it actually a huge loss), this misrepresentation turns into a fraudulent scheme, to lure uneducated investors into bigger investing into underperforming company. It also gives a reason for idiots who apparently cannot balance their own checkbook to mock about, say, AMD loss of $200, while their own company has actual loss of $600M. That was my primary reason for the original comment: if you are a thief, at least shut up and sit quiet. Regards, - Ali