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Technology Stocks : Dell Technologies Inc.

DELL 140.77

+1.4%

Nov 12 3:59 PM EST

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To: Chuzzlewit who wrote (153063)	2/7/2000 1:23:00 PM
From: Lee	Read Replies (1) of 176387

Hi Chuzzie,..OT OT OT Pooling of interests is supposed to be a merger of equals. Unfortunately, this accounting method hides the true cost of the merger from shareholders because the value of the assets "purchased" is never accounted for. CNBC just discussing this issue with respect to Pfeizer and Warner Lambert. Apparently PFE insisting on "pooling" accounting because, according to CNBC, EPS comes in at $1.27/share whereas, if it is treated as a "purchase", EPS comes in at $0.82/share. That's a significant difference! Also there was some talk that the pooling of interest method would be eliminated in the future by FASB. They, CNBC and PFE CEO, also discussed the goodwill writeoff of R&D? Sounds like muddy waters to me! <g> Cheers, Lee

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