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To: Petz who wrote (77349)4/17/2002 3:52:36 AM
From: ptannerRespond to of 275872
 
Petz, re: "The SEC should definitely not allow any percentage comparisons between periods when different accounting standards are used."

I agree 100%. I had not noted the specific comparison you noted from the top of the Intel earnings release - I jumped to the bottom to grab the results for the contest <g>. While the paragraph does eventually state the change in amortization basis it would have been far better if they had made the effort to provide values which had the same formulation basis.

Other companies do this (like after a merger or major acquisition) so that any QOQ or YOY changes can be reasonably compared.

-PT



To: Petz who wrote (77349)4/17/2002 8:18:13 AM
From: niceguy767Respond to of 275872
 
John:

"I really don't understand the aftermarket reaction. They exactly met expectations for both revenue and net income and they are giving such a wide range for Q2 than nothing new could be inferred from it."

Agreed. The market is starving for positive indicators. INTC gave them positive indicators, albeit, indicators that are built on sand!


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