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To: wanna_bmw who wrote (168425)	7/17/2002 5:28:54 PM
From: John Hull	Read Replies (3) \| Respond to of 186894

WBMW, tax law lets corporations accrue their losses and use them to offset future tax liability that would come from positive income in the future - though the company in question here has forecasted more losses (and more loss accruals to offset future income) next quarter. what I don't know is the "shelf-life" of those accruals. How long can they be carried before they expire? Anyone? jh

To: wanna_bmw who wrote (168425)	7/17/2002 10:13:54 PM
From: Dave	Read Replies (1) \| Respond to of 186894

One thing to note, though. Revenues were down substantially, yet inventories remained unchanged. To me, that doesn't sound right. In some ways, it sounds counter-intituitive. I would've expected inventories to rise sharply. John Hull, would you mind providing any comments?

To: wanna_bmw who wrote (168425)	7/17/2002 11:13:56 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 186894

RE:"Wow. That's a pretty nice "provision for Income Taxes" that AMD has. Can anyone help me to understand this concept? I remember asking this question before, and I got some good input, but AMD seems to be losing their shorts, only to get a nice $123M break from Uncle SAM. Where does it come from? Has AMD paid so much in taxes over the past couple years that they are getting it all back now?" Haven't you ever heard the saying..."Coprorations don't pay taxes"? Jim