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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 159.42-1.2%Jan 16 9:30 AM EST

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To: marginnayan who wrote (103873)9/6/2001 8:22:29 AM
From: Keith Feral  Read Replies (1) of 152472
 
New accounting rules prevent co's like CSCO from writing off the good will for acquisitions. Unlikely that CSCO will spend any cash on acquisitions any time soon as per their prior guidance. I think the lack of goodwill writeoff is part of the reason no one has stepped in to buy many of the good tech's at a premium as they have done in the past. However, now that trough valuations are present in the market, there are going to be a lot of good opportunities.
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