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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: stomper who wrote (108943)6/15/2001 8:49:23 AM
From: KyrosL  Read Replies (3) of 436258
 
The $19 billion write off wipes out more than 50% of Nortel's book value. Not much solace for those that thought that buying Nortel at $10 meant that they were buying at book value. Another unmitigated disaster. I am expecting a similar writeoff from Cisco anytime now. These guys need badly the resulting tax benefits.
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