Wind River going up, up, up! Message Board

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Technology Stocks : Wind River going up, up, up!

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To: Allen Benn who wrote (8940)	12/22/2000 1:08:39 AM
From: Don Lloyd	Read Replies (2) of 10309

Allen - ...Just yesterday, the FASB announced monumental changes in how goodwill is accounted for. As everyone knew, the Pooling of Interests method of merging companies is no longer allowed. (This bothered many companies in Silicon Valley, including acquisitive Cisco, because of the requirement to amortize goodwill.) The surprise, at least for me, is that the FASB has also indicated that companies no longer need to amortize goodwill. They suggest that a one-time write-off of excess goodwill be taken when a company is acquired, and then just leave the remainder un-amortized on the balance sheet.... Does this mean that companies are likely (or allowed) to just take a one-time write-off of excess goodwill that they are currently amortizing for previous acquisitions? TIA, Don

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