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To: JRI who wrote (19839)	11/7/2001 10:40:22 AM
From: martin001	Respond to of 209892

INtel must be going up on this news today: DJ Intel Expects 2002 Income To Rise $1.5B From Acctg Change WASHINGTON (Dow Jones)--Intel Corp. (INTC) expects its net income to increase by about $1.5 billion for 2002 as a result of the adoption of Financial Accounting Standard 142. According to the company's Form 10-Q filed with the Securities and Exchange Commission Friday, Intel is still assessing the impact of FAS 142 and hasn't yet determined the full effects these statements will have on its consolidated financial position or results of operations. For 2002, the company will begin to test goodwill for impairment under the new rules, applying a fair-value-based approach. FAS 142 primarily addresses accounting for goodwill and intangible assets and takes effect for the company on Jan. 1, 2002. The most significant changes made by FAS 142 require that goodwill and indefinite-lived intangible assets no longer be amortized and be tested for impairment at least on an annual basis. (MORE) DOW JONES NEWS 11-07-01 08:59 AM - - 08 59 AM EST 11-07-01 -------------------- TAL News Server History: ADD : 01/11/07 08:59 PARTIAL REPLACE : 01/11/07 09:00 -------------------------------------------------- DJ Intel -2: Expects $230M Net Loss From Investments In 4Q Intel said it expects net losses on equity investments and interest and other for the fourth quarter to be roughly $230 million. According to the company's 10-Q, the expected loss is the result of an estimated net loss on investments in equity securities of $280 million, primarily as a result of impairment charges. Intel said that its gross margin percentage in the fourth quarter should be around 47%, plus or minus a couple of points, compared with 46% in the third quarter. That projection assumes a richer overall product mix, firming demand, and improving factory utilization, the filing said. The company expects depreciation for the fourth quarter to be nearly $1.1 billion, while it expects amortization of goodwill and other acquisition-related intangibles and costs to be about $550 million in the fourth quarter, according to the 10-Q. Intel continues to hold its capital expenditure figure for 2001 at $7.5 billion. This spending plan is depends on delivery times of various machinery and equipment, and construction schedules for new facilities. If the demand for its products doesn't continue to grow and move rapidly toward higher performance products in various market segments, revenue and gross margins could be adversely affected, and manufacturing capacity could be under-used, the filing said. Intel designs, makes and sells computer, networking and communications products. -By Chad Clinton, Dow Jones Corporate Filings Alert; 202-628-9798; chad.clinton@dowjones.com