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Politics : Formerly About Applied Materials
AMAT 327.31+8.4%9:53 AM EST

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To: Sun Tzu who wrote (48516)6/28/2001 11:52:58 AM
From: Ian@SI  Read Replies (2) of 70976
 
OT again,

Clearly, removing massive amounts of goodwill from the books can only help reported earnings. But it won't change operating earnings or cash flow. So I'm not sure that sandbagging is an appropriate description unless you think they're also pulling CSCO's stunt of writing off "excess" inventory.
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