TouchStone S/W (TSSW) Message Board

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Technology Stocks : TouchStone S/W (TSSW)

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To: Sunny Halsted who wrote (2820)	8/13/1999 8:40:00 AM
From: David Alan Cook	Read Replies (2) of 3627

Sunny, The Deferred Acquisition cost that you mentioned was the Cash that was held in reserve until the shareholder vote took place which was after the second qtr. You will not see this acquisition cost in the 3rd qtr. ( Shareholders approved allocation of shares to Pierre for Unicore at $1.00 per share ) If you look at the company's last earnings, you would note that the company DID NOT TAKE a restructuring charge. They took a NONCASH " Amortization of goodwill and acquired intangibles charge " which is used for book keeping only. A company can either use the pooling method of accounting or the purchase accounting method. Under FASB rules, more and more companies are required for accounting purposes to use the pooling method of accounting. THUS, there was no cash charge. The company reported a profit of .03 in the last qtr.

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