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

To: Time Traveler who wrote (37176)	10/21/1997 5:51:00 PM
From: BlueCrab	Read Replies (1) \| Respond to of 186894

John and all -- Could this tax credit be coming from the German gov't for the Dresden fab construction? Just a wild-a** guess, Jeff

To: Time Traveler who wrote (37176)	10/21/1997 8:11:00 PM
From: Paul Engel	Respond to of 186894

John - Re: "you are off by $20M. With Intel, this $20M (whether gain or loss) " Yes - it was -$67,000,000 Thanks for the correction. When you make a profit , you pay taxes on the profit. In a subsequent year, if you incur a loss, You don't get your "old tax money" back. You get a CREDIT (a tax loss carry-forward) that can be applied to future profits (assuming there such future profits). This Tax Loss Carry Forward is (I believe) "recorded" as a credit (paper profit) against the current loss, reducing the loss by the amount of the credit. AMD then carries dorward the $31,000,000 LOSS instead of the $67,000,000 loss, since they used up part of their "Credit" already. Paul