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

To: Joe NYC who wrote (85214)7/17/2002 6:16:56 PM
From: RobohogsRespond to of 275872
 
That number is the money AMD gets back from income taxes paid during previous years.

Jon



To: Joe NYC who wrote (85214)7/17/2002 6:40:43 PM
From: L. Adam LathamRead Replies (1) | Respond to of 275872
 
Jozef:

Re: Is this percentage a hypothetical number if AMD did earn profit this year?

I don't understand why they used a 40% rate, as I believe corporate tax rates top out at 35%. In any case I think it is a hypothetical number, because the actual operating loss of ($303M) will be used to offset taxable operating income in the past (or future) years.

Adam


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