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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Joseph G. who wrote (33858)10/13/1998 11:45:00 PM
From: Joan Osland Graffius  Read Replies (1) | Respond to of 132070
 
Joseph, >>Does not cash come from selling stock, if only to own management (who sell it promptly in the market)? Tax benefit too?

It also looks like cash came from increased debt. The management at Intel must think the cost of borrowing is going to 10% or more.<ggg>

Joan



To: Joseph G. who wrote (33858)10/14/1998 10:42:00 AM
From: Knighty Tin  Respond to of 132070
 
Joe, Cash does come from selling stock and from taking down long term debt, both of which Intel did this quarter. They used just about every scam in the book to massage eps, but the tax deal was the most important.

MB


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