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

To: AK2004 who wrote (164019)	4/16/2002 8:22:35 PM
From: wanna_bmw	Read Replies (2) \| Respond to of 186894

albert show me where. wbmw ps the word is "liar".

To: AK2004 who wrote (164019)	4/16/2002 8:55:38 PM
From: ptanner	Read Replies (1) \| Respond to of 186894

Albert, re: "Recall that I also projected that the new accounting would be celebrated as real earnings in 1st quarter of this year." I couldn't find your post but the change was mentioned several times: #reply-16197666 First mention of FASB 142 #reply-16620045 Intel states impact of about $1.5B for 2002 #reply-16913930 FASB noted in 4Q01 earnings release as follows: "The effect of the goodwill non-amortization provisions of FAS 141 and 142 is expected to result in a substantial reduction in the difference between the company's earnings excluding acquisition-related costs and the company's earnings on a GAAP basis. Intel expects to continue to report earnings excluding acquisition-related costs for a period of time to provide a consistent basis for financial comparisons." Intel has always emphasized the pre-acquisition charges earnings. Prior to this quarter their headlines noted pro-forma first and then GAAP. Comparing YOY, pro forma net income did decline slightly ($0.16 to $0.15) but this includes the $155M Intergraph charge which reportedly reduced earnings by about a penny (more like two cents with simple division over share count but probably some tax benefit). -PT