Was curious about cash and long-term debt changes in past year and was perusing the Balance Sheets from the past three quarters. Obviously the Altera acquisition had its effect on the debt/cash, but the other thing I saw was new:
Goodwill - increased from $11.3B to $16.9B
Identified Intangible Assets, net - increased from $3.9B to $10.8B
That's a $12.5B swing and makes the current assets look pretty swell - are they attributing all of that to Altera?
As was mentioned in another thread, Intel has been better at financial engineering than at engineering products of late.
Wait till they take the loss on all their acquisitions and write it all down. What did MS do with Nokia as or google do with Motorolla, but Intel has little of that luxury. With 10nm ramp it will be UGLY
Creative accounting, nice work.
BS
Found the answers on Edgar in Intel's 1Q16 10Q report:
Goodwill:
Intangible Assets:
$5.7B for 'developed technology', 9 yr amortized
$1.1B for 'customer relationships', 12 yr amortized
$0.7B for 'brands, current R&D
All of this is public info. Ready, set, discuss!