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

To: GVTucker who wrote (178609)	7/14/2004 9:25:30 AM
From: Amy J	Read Replies (1) \| Respond to of 186894

OT GV, geez, the spam is getting more creative these days: Got this the day before company payroll runs too. Clever. ================================== Subject: Your account at [bank's name deleted] has been suspended Dear [deleted] account holder, We regret to inform you, that we had to block your [deleted] account because we have been notified that your account may have been compromised by outside parties. Our terms and conditions you agreed to state that your account must always be under your control or those you designate at all times. We have noticed some activity related to your account that indicates that other parties may have access and or control of your information in your account. These parties have in the past been involved with money laundering, illegal drugs, terrorism and various Federal Title 18 violations. In order that you may access your account we must verify your identity by clicking on the link below. Please be aware that until we can verify your identity no further access to your account will be allowed and we will have no other liability for your account or any transactions that may have occurred as a result of your failure to reactivate your account as instructed below. Thank you for your time and consideration in this matter. Please follow the link below and renew your account information [ link deleted ] Before you reactivate your account, all payments have been frozen, and you will not be able to use your account in any way until we have verified your identity. =============================================== Definitely looks like spam to me. ( Of course, if it's not, tomorrow's payroll will be a tad interesting since this was our company's corporate bank accounts. ) It's spam. Regards, Amy J

To: GVTucker who wrote (178609)	7/14/2004 9:30:43 AM
From: rkral	Read Replies (1) \| Respond to of 186894

GVTucker, re "A lot of that excellent gross margin is imbedded in that inventory. If Intel had been a little better in managing their inventory, they wouldn't have made the quarter. " Your comment is similar to another's I've seen recently ... and both have me scratching my head. Obviously, there's something about inventory accounting I don't understand. Therefore, I would appreciate your answer to the following. Gross margin is sales (revenues) minus cost of goods sold. To increase gross margin .. either revenues must increase or cost of goods sold must decrease. How can production of goods "shipped" to inventory do either? TIA, Ron

To: GVTucker who wrote (178609)	7/14/2004 9:36:22 AM
From: Amy J	Read Replies (1) \| Respond to of 186894

GV, RE: " The bad news: If you listened to the 1Q conference call, inventory was an issue that a lot of analysts focused on." When yields are unusually good, inventory builds. No mystery there. RE: " It almost sounds like the analysts have a better grip on the business than Barrett does." No, sounds more like you don't understand what improved yields can do to inventory (even I understand that concept.) RE: "If Intel had been a little better in managing their inventory, they wouldn't have made the quarter. It appears as though Intel was late to the inventory issue because they were way too focused on making the earnings number, which is not a good way to run a business." I think that's an extremely strong accusation that's incorrect. You either trust these guys or you don't. I also think you could ask what it means to have yields increase. On another note, I didn't listen to the CC, your post implies Barrett gave the CC, which would be unusual since Paul O always gives it. Who gave the CC? Regards, Amy J

To: GVTucker who wrote (178609)	7/14/2004 10:14:07 AM
From: robert b furman	Respond to of 186894

Hi GVT, I'm not sure how many turns Intel gets in a quarter?? If it is like the car business,you order one month (I'm not syre the order lag for wafers is) and you get the product 6-8 weeks out. If you have a downturn(it appears almost all of the globe's economy has had reatil impact by the cost of energy new all time high),the only way you could have prevented a back up is by reducing the orders (wafer orders). If you were pleasantly surprised by the yield of the new manufacturing process-you would have just made too many. I think the biggest clue to this situation is the record sala of chipset units. CNBC just said Intel had a 90 day inventory of chips. Bryant said last night that the unit sales of Microprocessors came in just as expected (4 % down seasonally- that's an interesting tid bit to remember). The second saving grace is the projected revenue.Bryant usually is conservative and doesn't like to get himself in the corner.To be above the streets expectation is encouraging -if accurate. 61 million shares all of the 2.00 plus cheaper than the day before.Commerce at work here - a lot of money trading hands. Bob