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

To: L. Adam Latham who wrote (85231)7/17/2002 7:09:52 PM
From: RobohogsRespond to of 275872
 
Most companies are not so aggressive as to take into income refunds for the future. This implies placing a line item on the balance sheet for Tax Assets (also where expected refund will go). As AMD made over $2 per share when profitable, they have not used up taxes paid yet, even though taxes paid were at a lower rate (something like 20%). I could be wrong. I will research and revert back.

Jon


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