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Politics : Formerly About Advanced Micro Devices
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To: Petz who wrote (87855)1/18/2000 1:40:00 AM
From: Saturn V  Read Replies (2) of 1572803
 
Ref-<The joys of accounting! And every year since 1987, AMD has been reducing earning by a little bit to account for the acquisition! ....The fact that AMD was writing off MMI every year since 1987 does not mean it was not profitable, but these profits were reduced by the writeoff amount. By time Vantis was sold, its book value was near zero.>

Petz, I do not think that the book value could be near zero.

The goodwill part of a takeover is written off in 30 years.So even the goodwill cannot be zero, probably only half its value in 1987. Next I am sure that the division must have acquired hard assets like engineering equipment , testers etc after the acquisition. So to come up with a near zero book value would require some real creative accounting like ignoring the original book value of Monolithic Memories and leaving the Monolithic Memories goodwill still on the AMD books.
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