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Technology Stocks : Intel Corporation (INTC)
INTC 37.81-4.3%Dec 12 9:30 AM EST
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To: The Duke of URL© who wrote (167108)6/26/2002 4:21:17 AM
From: John F. Dowd   of 186894
 
Duke: For a utility (and WCOM is really no more than a utility) to capitalize an expense is not an unheard of thing to do. I t might have been interest charged to construction (an old Don Cook AEP gambit ) or some other such item wherein expenses are lumped into a project cost and then amortized over the life of the project rather than currently. This is a judgement call that the auditors will have to make, WCOM's old auditors were.... you guessed it.JFD
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