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

To: L. Adam Latham who wrote (171635)	10/16/2002 12:59:06 AM
From: BelowTheCrowd	Respond to of 186894

Yeah, but the GAAP standard this year is different from what it was last year. Even the general public realizes that when the yardstick changes, the number it measures is going to be different. For better or worse, the only way to judge a company is to delve into its financials with a willingness to try to dissect what is really going on. The general public realizes that you can't invest based on just one number, whether GAAP or anything else. That's part of the reason the general public is staying away. Investing is hard. All the people who thought they only needed to look at a single number and make a single decision are suddenly finding out that they can't make money anymore. mg

To: L. Adam Latham who wrote (171635)	10/16/2002 8:05:28 AM
From: Dan3	Read Replies (1) \| Respond to of 186894

Re: Reporting and comparing GAAP earnings GAAP was significantly relaxed for this year, especially for companies like Intel that have a lot of "soft" assets like goodwill. This year vs. Last year numbers in financial reports almost always restate the LY numbers when the number's definitions are redefined. Intel choose to not do this - a sign of desperation. Which I don't get, since, given the state of the economy and the brutal price war they're waging against AMD, Intel's numbers weren't bad, even the real ones (as opposed to what Intel reported).