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

To: The Duke of URL© who wrote (165581)	5/31/2002 10:32:47 AM
From: Dan3	Read Replies (1) \| Respond to of 186894

Re: the almost non-event, securities-wise of understating current revenues. Understating earnings in one quarter, so that those earnings can be used to hide a shortfall in a later quarter, is a significant manipulation of accounting data. The "quality of earnings" can make a huge difference in the valuation that a stock receives. If a stock can be shown to reliably produce steadily increasing earnings, it will (generally) receive a much higher valuation than if it alternates large gains with small losses - but the same total earnings over a period of years. That you can't begin to imagine that such earnings manipulation is important demonstrates how little you understand of accounting, stock valuation, and the markets in general.