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Technology Stocks : INPR - Inprise to Borland (BORL)
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To: TTOSBT who wrote (4273)2/5/2000 10:52:00 PM
From: Big Dog  Read Replies (1) of 5102
 
TTOBST: "I really do not have a problem with one time write-down's if they are for one time but I believe INPR took a write-down last year on the campus property?"

No. The write-off was associated with the Visigenic merger:

"Restructuring, Merger and Other Non-Recurring Charges

In conjunction with the acquisition of Visigenic, the Company implemented a worldwide realignment of its corporate structure. In the year ended December 31, 1998, the Company recorded a $19.3 million restructuring and merger related charge of which $9.9 million related to severance costs associated with the elimination of duplicate workforce, $3.2 million to termination of certain lease agreements and the write-off of certain fixed assets and $2.5 million to other costs associated with the restructuring. Additionally, the Company charged to income approximately $3.7 million in expenses associated with the merger. As part of the first quarter restructure, the Company had recorded a restructuring charge of approximately $3.4 million for severance costs associated to the anticipated closure of certain operations. At December 31, 1998, Company did not anticipate any further severance costs associated to these operations. Accordingly, the Company reversed the charge during the quarter ended December 31, 1998."

biz.yahoo.com
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