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To: JJB who wrote (24061)	12/4/2003 10:11:53 PM
From: Howard R. Hansen	Read Replies (1) \| Respond to of 60323

I think INTL announced $600m good will write down in the "flash memory" area According to CBS Market Watch the write down Intel is taking is related to its wireless communications business. "After the bell, Intel (INTC: news, chart, profile) said it expected revenue at the top end of its earlier projections, but said it will take a charge of $600 million, or 6 cents a share, to write down goodwill related to its wireless communications business."

To: JJB who wrote (24061)	12/5/2003 10:05:12 AM
From: Dave	Read Replies (1) \| Respond to of 60323

JJB, Intel did not announce a "writedown" in its flash memory area. This is the exact quote from the press release: Intel anticipates taking a fourth-quarter goodwill impairment charge related to the Wireless Communications and Computing Group (WCCG). The long-term growth expectations for this business are no longer projected to be as high as previously expected. The impairment charge is likely to be approximately $600 million. The amount of the charge will be reported in the company's fourth-quarter earnings release following completion of the valuation analysis required under accounting rules. This had nothing to do with flash as other have explicitly said or alluded to.