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Technology Stocks : Advanced Micro Devices - Moderated (AMD) -- Ignore unavailable to you. Want to Upgrade?

To: Paul Engel who wrote (60675)	10/28/2001 5:46:45 PM
From: Dan3	Respond to of 275872

Re: .... LIED he when claimed AMD had written down the goodwill from NexGen? Speaking for the thread, it will be a relief for us all when you finish 3rd grade and learn how to put a sentence together. That discussion with John began with your feeble attempt at a response to the fact that Intel is withholding about $10 Billion in costs from its quarterly reports. Instead of addressing that damocletian sword hanging over Intel's future earnings, you tried to distract attention by reminding us that AMD had made some acquisitions, too. John reviewed the current statements and pointed out that there there are no goodwill "assets" lurking in AMD's balance statement to drain away future profits - that any goodwill taken had already been charged against profits, and he was 100% correct. AMD accounted for all costs of the Nexgen merger the quarter following the merger, unlike Intel, which is carrying about $6 Billion in acquisition costs that it will have own up to in its earnings statements during the next several years. They've also inflated their undepreciated Plant, Property, and Equipment by another $5 Billion in the same period. That means that if Intel makes as much over the next 5 years as it did during the last 5 years, it will still be reporting $2 Billion less in each of the next 5 years because it has to account for all those costs it's been hiding from its earnings statements.