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

To: Dave who wrote (166605)	6/19/2002 11:04:18 PM
From: ptanner	Read Replies (1) \| Respond to of 186894

Dave, re: "I think you are looking at their operating leases" I just grabbed the numbers from AMD's annual report and used the total for debt (almost all of the amount) and lease obligations (relatively minor). (p. 19) Since AMD Saxony is a wholly owned subsidiary wouldn't its financial statements be wholly contained with AMD's own statements? "The consolidated financial statements include the Company's accounts and those of its wholly owned subsidiaries. Upon consolidation, all significant intercompany accounts and transactions are eliminated." (01 Annual Report p. 30 / p. 32 in the .pdf) EDIT: Intel's annual report also noted wholly owned subsidiaries and deals with partially owned subsidiaries in the same manner as FASL (using the "equity method"). AMD Saxony probably exists so that the German government could provide the grants and subsidies to a "native" entity or perhaps as a requirement for operating in Germany. Am I still missing or misunderstanding something? -PT