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Technology Stocks : Lucent Technologies (LU)
LU 2.560-0.4%Nov 18 3:59 PM EST
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To: kvkkc1 who wrote (16653)10/10/2000 9:12:09 PM
From: Ian@SI  Read Replies (1) of 21876
 
Nortel reports under Canadian GAAP which doesn't permit pooling of interest. Thus any goodwill must be carried on the books and systematically written off against earnings.

If CSCO and LU had the same restriction,
guess which one would be worse off.

Pooling of Interest seems to hide a lot from some investors. :-)
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