Cisco Systems, Inc. (CSCO) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.11

+0.9%

Nov 21 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: chic_hearne who wrote (50376)	3/26/2001 10:59:07 AM
From: Adam Nash	Read Replies (3) of 77400

I find it surprising that you would blame pooling of interests for "misleading shareholders", when the alternative, purchase accounting, is incredibly misleading as well. First, you get a huge, intangible item on your balance sheet (goodwill), and then you get regular ammortization of that goodwill distorting earnings results, when it is not at all clear that "book value" represented the true value of the acquired assets in the first place. For example, look on the Redback Networks thread, and see how many people are confused that Redback is trading in the teens, when book value is in the 30s. That is the distortion that purchase accounting can cause. - Adam

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next