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

To: Dan3 who wrote (79424)	5/5/2002 9:29:54 PM
From: Monica Detwiler	Read Replies (1) \| Respond to of 275872

Dan3 - It's been something of a surprise to me that Intel's stock price has dropped ahead of this release. Funny. Narry a peep out of you about AMD's share price plummeting after the great Microsoft-Hammer-Opteron announcement. Another example of your total blindness. Must be investors' anticipation of the the Hammer-Microsoft alliance producing nothing of value for AMD.

To: Dan3 who wrote (79424)	5/5/2002 11:38:13 PM
From: Stoctrash	Respond to of 275872

Dan....some nice stuff on this thread re: the product, but how about the accounting?? Basically, Buffett is saying INTC is playing ponzi. Has anyone added the option grants up lately and how they numbers would look in the real world??? Something to think about dudes. ================= "Mr Buffett, 71, warned investors at the Omaha Civic Center in downtown Omaha to watch out for companies which used the fashionable profits calculation known as ebitda - earnings before tax, interest, depreciation and amortisation. "They are either conning you, or themselves," he said. He also predicted that trading derivatives - a major business for collapsed energy trader Enron - would trip up other companies. "There's no place with as much potential for phoney numbers as derivatives," he said. Charlie Munger, Berkshire's 78-year-old vice chairman, added: "To say derivative accounting in America is in the sewer is an insult to sewage." General Re, the re-insurer owned by Berkshire Hathaway, is unwinding its derivatives unit. Enron came in for criticism. Mr Buffett called its behaviour "grotesque", and Mr Munger said: "Enron was the most disgusting example of a business culture gone wrong." Corporate greed was attacked, especially the way stock options are treated in company accounts. "CEOs have their hands on the switch," Mr Buffett said. "They get what they want every year; consultants just fan the flames." He is backing an attempt by Federal Reserve chairman Alan Greenspan to get regulators to force a change in stock option accounting, but is pessimistic that any changes will be made. He wants options to be treated as an expense, like other forms of compensation. "It's shameful," he said, that options are being accounted for in a way that boosts profits and dilutes the value of a company's shares for investors."