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

To: qgambit who wrote (85262)	7/18/2002 12:08:35 AM
From: Petz	Read Replies (1) \| Respond to of 275872

Well, if AMD caught a 180M windfall in the accumulated other comprehensive income, it couldn't have come at a better time. More power to them! How does the IRS feel about such income which, as you say, bypasses the income statement? I guess any gains have to be eventually realized. In reality the accumulated other comprehensive income just barely broke into the plus column, so perhaps a long string of foreign currency adjustment losses wes erased rather than any new gains being realized. I still can't figure out how the 89M Q3'01 restructuring charge shows up on the balance sheet. I checked the 2001 Q3 10Q, and there were writedowns of 33M assets and anticipated expenses of 50M. The majority of that 50M was probably paid this quarter. The 50M did not affect the accumulated-other-comp-income account in 2001, so it shouldn't have had anything to do with the 180m gain in that account this quarter. Petz