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

To: Monica Detwiler who wrote (66536)	12/28/2001 10:01:58 PM
From: pgerassi	Respond to of 275872

Monica: Your position is the one that's indefensible. Sooner or later, the ESC drain will ocme to light. When that happens, Intel would have to restate earnings for many quarters or take a one time big hit. The balance sheet is not affected but, the income and expense reports will need to be restated. Now the SEC may allow the old ones to stand but, any new ones will have to use the more encompassing form and Intel all of a sudden swiches from a tiny gainer to a big loser. Failure to see the underlying truth is your fault, not mine. And if Intel was losing money for the last year, would not their stock price be higher than it should? That bursting of a bubble can hurt investors both in the short term and long. Just ask Japan, Inc. or the holders of Enron stock. Mine is a very simple concept, net worth changes are the most global way of showing a profit or loss. This method stops any shennanigans with including some things but, not others. For Q3, the net worth of Intel dropped. It is calculated by subtracting the total liabilities from the total assets and is the underlying book value of the company. Go look at the Q3 statements. They lost $836 million between June 30th and September 30th, 2001. They lost $3.714 billion over 12 months ending September 30th, 2001. That is not the result of a profitable company. Pete