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Technology Stocks : Intel Corporation (INTC)
INTC 48.72+3.0%Jan 14 3:59 PM EST
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To: Tushar Patel who wrote (140310)7/27/2001 9:50:12 PM
From: Paul Engel  Read Replies (2) of 186894
 
Tushar - Re: "JDS said it was writing down $38.7 billion in goodwill, effectively admitting it paid too much for companies acquired during the technology boom of recent years."

True, JDS is admitting that - but the fact is, JDS used HYPERINFLATED AND OVERVALUED JDS STOCK as the currency for these transactions.

In the end, I don't see this as real money that was lost - except for the investors who held the stock of JDS and the acquired companies.
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