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

To: Win Smith who wrote (147070)	11/7/2001 1:18:45 PM
From: GVTucker	Read Replies (2) \| Respond to of 186894

I have no problem with Intel reporting pro forma results. Given that there really aren't a lot of acquisitions to account for, it makes sense to me that Intel exclude acquisition costs ( as opposed to, say, Cisco). My main problem with Intel's accounting is that Intel continues to include investment gains and losses in pro forma income. Last year management tried to claim that they could manage gains and show consistent and growing net income from the investment portfolio. We now know that claim is folly. And yet Intel continues to include Intel Capital in its pro forma net income. A much better picture of Intel's situation can be seen if you exclude Intel Capital completely. This can be done easily from Intel's financial reports (as opposed to, say, Dell). Still, though, it would be nice if management showed a realization that they were just as caught up in the bubble as many others.