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

To: Ali Chen who wrote (34550)	7/15/1998 6:00:00 PM
From: Paul Engel	Respond to of 1571647

Ali - Re: "In fact there is a LOSS of $1.8B in this quarter, do you hear me? There was no profit of $1.2B. THERE IS A LOSS! " Thanks for the laugh! Only you, Ali SUPER-ACCOUNTANT SPY, figured this out! That explains why Intel was up $3 9/16 today. How is that you are so smart and the rest of the world is so dumb? Paul

To: Ali Chen who wrote (34550)	7/15/1998 6:22:00 PM
From: Bill Jackson	Read Replies (1) \| Respond to of 1571647

Ali, If this has been done by normally accepted accounting procedures then it is a wash. The money spent on shares bought in the marketplace means they have bought an asset worth the 3 billion. Will it earn ? I have always been suspicious of company buy backs as it is commonly used to prop up a stock and if it falls anyway that money might just as well have been burnt. What do the usual run of analysts say about this? I do not give you the credence they command, but their is some truth in what you say. Bill

To: Ali Chen who wrote (34550)	7/15/1998 7:24:00 PM
From: Dale J.	Read Replies (1) \| Respond to of 1571647

Ali, In fact there is a LOSS of $1.8B in this quarter, do you hear me? There was no profit of $1.2B. THERE IS A LOSS! No. Let me try to explain. There was some minor damage to my house because of a windstorm. I call you up to fix it. You assess the damage and tell me you want $2,000 to fix it. I tell you to get lost. You reply, "wait, ok, how about $1,000". I say ok. You fix it and knock on my door. I review your work and complain about your shoddy workmanship and refuse to pay. You threaten me with a frivolous lawsuit. Just to get rid of you, I say ok, I'll pay. But how about I pay 1,000 worth of AMD options at today's price. You agree to those terms. Now, whether those options go on to expire worthless or are exercised at 8000, really doesn't matter to me. I bought them for $1,000 and gave them to you as payment. So YOU SEE, INTEL really DID have a PROFIT of 1.2 BILLION. Dale