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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 210.80-4.8%Dec 12 3:59 PM EST
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To: niceguy767 who wrote (82923)6/19/2002 3:22:33 PM
From: ptannerRead Replies (1) of 275872
 
NG, re: "I seem to recall that [Intel's $5B goodwill] it has to be written off in FY02"

IIRC the new accounting guidelines do not require any specific time period for depreciating goodwill. It must be periodically reviewed for impairment. However, given Intel's past rate of goodwill depreciation (less than 3 year term) there may not be much need for short-term depreciation even with the severe impairment of the initial investment in many comm/network sector companies.

-PT
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