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Non-Tech : E*Trade (NYSE:ET)

ET 16.38

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Dec 24 12:59 PM EST

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To: Curtis E. Bemis who wrote (9003)	10/21/1999 9:33:00 AM
From: Nandu	Read Replies (1) of 13953

The article is not about EGRP in particular, but about an FASB rule. Don't want to violate any copyrights, so I will just quote one paragraph. What arcane accounting issue could possibly cause such palpitations in the very heart of American capitalism? It's a plan by the accounting industry's rulemaking Financial Accounting Standards Board to banish the widely used pooling-of-interests method, which critics say inflates earnings, in favor of the so-called purchase method, which forces acquirers to weigh down future earnings by writing off merger costs. Cracking the Books II: How Pooling Accounting Could Leave E*Trade All Wet By Caroline Humer Staff Reporter 10/20/99 11:01 AM ET

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