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Technology Stocks : GX Investors Thread
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To: Sweet Ol who wrote (30)8/20/2001 10:04:51 PM
From: BWAC  Read Replies (2) of 586
 
<If you assume that the current market value of the equipment is about 50% of the book value then it just about equals the debt.>

I don't assume that at all. In fact, I assume the value of this equipment assembled into a completed functioning revenue producing network is substantially higher than the stated depreciated amount of $11.8 Billion.

If the assets were impaired as you say, then the financial statements would NOT be 'presented fairly' and in accordance with GAAP.
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