Tim, I have been hearing talk that the accounting changes coming this July, I believe dealing with the new
ability to write off goodwill as a one time expense will recharge the M & A environment and lead to a bunch
of mergers.
Have you heard any of this talk and go you think there is any merit to it?
many thanks,
John
PS I love this little piece by Barry RItholtz from yesterday:
Thanks for nothing
4/02/01 6:38 AM ET
File this under so late its worthless:
A Red Herring article lays out 10 "overvalued" tech stocks. While I do not necessarily disagree with the merits of the authors arguments; I have to question the value of telling an audience that stocks down 90% are still overvalued.
Readers must be thinking: "Where were you a year ago?"
On the list:
DoubleClick (Nasdaq: DCLK) down 90%, eBay (Nasdaq: EBAY), off 82%, Ericsson (Nasdaq: ERICY), -80%, Inktomi (Nasdaq: INKT), down to $6 from $230, Liberate Technologies (Nasdaq: LBRT), $8 from $140, Red Hat (Nasdaq: RHAT), off over 90%, Sapient (Nasdaq: SAPE), -80%, and Yahoo (Nasdaq: YHOO). $250 to $15.
ERTS and AWE are the only ones not down by 75% or worse.
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