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

To: GVTucker who wrote (172073)	12/3/2002 3:34:07 PM
From: Yousef	Respond to of 186894

GV, Re: " ... and behind yours (Pete) there is nothing more than hot air coming out of your rear end." How true ... How very true. Make It So, Yousef

To: GVTucker who wrote (172073)	12/3/2002 8:53:39 PM
From: pgerassi	Read Replies (1) \| Respond to of 186894

Dear GVTucker: So my memory is a little faulty. Lets look at what happened after the peak in Q3/00 at $37,705. Reported earnings in millions of dollars and TSE from the quarterly earnings reports: Q4/00: $2,193 $37,220 Q1/01: $485 $36,918 Q2/01: $196 $36,738 Q3/01: $106 $35,902 Q4/01: $504 $35,830 Q1/02: $936 $35,860 Q2/02: $446 $35,580 Q3/02: $686 $35,307 Total: $5,552 $5,552 million in reported profits yet a loss in equity of $2,398 million in just two years. A difference of 7,950 million. Subtract 8 quarters of about $133 million in dividends (Both Q3/00 and Q3/02 had $133 million in dividends) and you get $6,786 million. About $1,0025 million a quarter in stock purchases is $8,020 million in cumulative purchases of 1651.4 - 1370.5 = 280.9 million shares. 3 month average of outstanding shares as of Q3/00 is 6,719 and Q3/02 is 6,646, about the same as Q3/99 (6,650), or a reduction of just 73 million shares. 207.9 million shares are probably options exercised. The $1,234 million difference may be the exercise price of those 207.9 million shares, as the per share figure of $5.936 is reasonably close. I think that is fraud, It might be legal and allowed, but I do not think the shareholders would agree when presented the facts. Intel claimed $5.6 billion in profits yet lost $2.4 billion in book value. $1.0 billion in dividends are nice, but that does not excuse the fact of $7 billion of retained earnings being lost without a reported loss on the earnings statements. If we were to use the Pro Forma earnings the losses would be even higher. It would be as your money managers claimed that your investments put $224k in the bank after taxes for two years. You withdrew about $40k for that new BMW you wanted. You think you still have $184k in the bank for that new vacation home you are eyeing. Then the bank calls and says you are overdrawn by $96k at the end of the two years. I'm sure you would be at your attorney charging your money managers and their company with fraud, deceit and other words unsuitable for this site. Saying that was allowed by GAAP wouldn't soothe you at all. Them stating that their competitors lost $20k wouldn't make you happy either. Neither would I. But the next time those managers stated that they have made money for the last x quarters while their competitor lost money in the last y quarters, I would say they are deceitful lying frauds. Pete