All Clowns Must Be Destroyed Message Board

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Pastimes : All Clowns Must Be Destroyed

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To: Defrocked who wrote (28150)	4/21/2000 9:55:00 AM
From: MythMan	Read Replies (1) of 42523

>>will probably be absorbed through stock repurchase program<< Nope. No can do... >>In January 2000, the Company merged with Visio Corporation in a transaction that has been accounted for as a pooling of interests. Microsoft issued 14 million shares in exchange for the outstanding stock of Visio. Visio?s assets and liabilities, which were nominal, are included with those of Microsoft as of March 31, 2000. Operating results for Visio from prior periods were not material to the combined results of the two companies. Accordingly, the financial statements for such periods have not been restated. The company has terminated its stock repurchase program. Accounting rules promulgated by the Securities and Exchange Commission preclude stock repurchases after business combinations accounted for as pooling of interests.<<

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