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

To: niceguy767 who wrote (61211)	10/30/2001 3:45:39 PM
From: Robert Salasidis	Read Replies (1) \| Respond to of 275872

No he means EBITDA, cash flow or some other parameter which is not the bottom line, but potentially equally valuable.

To: niceguy767 who wrote (61211)	10/30/2001 3:46:37 PM
From: chuckles58	Read Replies (1) \| Respond to of 275872

Actually, Intel only earned $106 million in 3Q01, after restructuring charges, not $787 million. Since Paul keeps using AMD's loss of $189 million after charges to shut down two older fabs, we need to keep him honest to use Intel's corresponding number. The additional $295 million of profit shows how well they did with their additional $5.7 billion in revenues. rd.yahoo.comhttp://www.marketwatch.com/news/yhoo/story.asp?source=blq/yhoo&siteid=yhoo&dist=yhoo&guid=%7B4AC936C5%2DF69A%2D487B%2DABB1%2D9584A1CC095A%7D "For the quarter ended in September, Intel reported net income of $106 million, or 2 cents a share, on revenue of $6.5 billion. During the same quarter last year, net income was $2.5 billion, or 36 cents a share, on revenue of $8.7 billion. Excluding restructuring charges, pro forma net income was $655 million, or 10 cents a share. During the same quarter last year, pro forma net income was $2.9 billion, or 41 cents a share" Let's see, revenues were down $2.5 billion from last year and net income was down $2.394 billion from last year. I think I see a correlation here. As far as spendable income, if their stockholder's equity decreased by $4 billion, that is their decrease in spendable income, as you need to include the effect on current and retained earnings. Now THAT* is GAAP accounting. CB

To: niceguy767 who wrote (61211)	10/30/2001 4:17:05 PM
From: Petz	Read Replies (2) \| Respond to of 275872

NG, Intel's "spendable income" over the first 3 quarters of 2001 is MINUS $1.4 BILLION or even worse. Because that is how much their book value dropped. If I, as an individual find that my Net Worth went down $10,000 over the last 9 months, I would be concerned, because it means that my expenses exceeded my income by $10,000. And this huge drop in Net Worth of Intel Corporation occurred despite the fact that they claim that their "Plant & Equipment" is now worth $3.1 BILLION or 20% more than 9 months ago! Unless, Intel wants to sell their fabs, "Property, Plant & Equipment" are not "spendable" assets. So, their spendable assets dropped $4.5 BILLION in 9 months BTW, AMD's book value increased by $0.52 BILLION over the same period, an increase of 14%. They only increased the value of PP&E on the books by $79 million or 3%. AMD's spendable assets rose by $0.44 BILLION during the same time period that Intel's dropped by $4.5 BILLION. Intel's "net income" is illusory. What matters is, is your bank account rising or falling? AMD's is rising, Intel's is falling BIG TIME. Petz