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Technology Stocks : Intel Corporation (INTC)
INTC 34.32-1.2%3:59 PM EST

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To: Dan3 who wrote (90253)10/14/1999 1:37:00 AM
From: Gerald Walls  Read Replies (2) of 186894
 
Goodwill is an accounting term for "I spent X dollars more on something than it was worth".

Bullshit. In all my accounting classes "goodwill" was a term for "I spent X dollars more on something than its Book Value." Book Value almost never reflects the going-concern value of any growth company, and never reflects the value of intellectual capital. Even if Book Value reflected the actual value of a company's tangible assets (which it doesn't because most assets are carried at the lower of cost or market) then it would only reflect the break-up value of the company and would not reflect any of the current and future return the company can generate on those assets.

Any claim otherwise is ignorance or deceit.
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