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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Time Traveler who wrote (32232)	4/29/1998 1:26:00 AM
From: FJB	Read Replies (2) \| Respond to of 1572605

John Y. Wang, Tell me how one-time charges affect gross margins - they do not. Do you know where they fit into the income statement? One-time charges affect earnings, not how much you charge for products produced and the cost to produce those products. I guess you don't trust Intel's accounting department. First quarter net income included a non-deductible one time charge to earnings of approximately $165 million, or $.09 per share, for in-process research and development associated with the acquisition of Chips and Technologies, Inc. ... Gross margin percentage in the second quarter of 1998 is expected to be down a few points from 54 percent in the first quarter, primarily the result of purchased components used on the SEC cartridge for the Pentium II processor. intel.com