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Technology Stocks : New Focus, Inc. (NUFO)
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To: pat mudge who wrote (213)2/1/2001 4:15:58 AM
From: Dale Baker  Read Replies (1) of 475
 
I believe that the changes on "goodwill" are still proposals and not yet finalized.

biz.yahoo.com

From FASB:

"IMMEDIATE PLANS

The Board plans to issue for public comment its tentative decisions on the accounting for goodwill in mid-February 2001. A revised limited Exposure Draft with a 30-day comment period will be distributed primarily through the FASB web site (www.fasb.org). The Board does not plan to hold public hearings to discuss the provisions in the revised Exposure Draft.

In February, the Board plans to discuss the definition of a joint venture and various issues related to the purchase method.

The Board will not make any final decisions or consider whether to issue a final Statement until it has addressed all of the substantive issues raised by constituents and has considered the entire set of tentative decisions reached during its redeliberations. The Board plans to issue a final Statement that will incorporate its decisions on the pooling method and the accounting for goodwill and other purchased intangible assets in June 2001."


I also subtract all goodwill and intangibles when evaluating a balance sheet. That gives you "tangible book value", the criteria the NYSE and NASDAQ use to determine listing eligibility.

If it's good enough for them......
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