All of the Nexgen goodwill was written off in the quarter it was acquired, because there was NO GOODWILL on the 2q'96 balance sheet. Instead, AMD immediately subtracted from earnings any expenses related to the NexGen acquisition.
from the 10K:
"AMD will incur charges to operations currently estimated to be $10.0
million in the first quarter of 1996, to reflect transaction fees and costs
incident to the Merger. Such fees and costs include investment banking, legal,
accounting, financial, printing and other related charges. These amounts are
preliminary estimates and are subject to change when the exact amounts are
finally determined."
First you say ALL OF THE NEXGEN GOODWILL was already written off - then you REFUSE TO PROVIDE THE DOCUMENTATION that supports that claim -
From the 1q'96 quarterly report, first report after Nexgen acquisition:
"Write-down of property, plant, and equipment 84 (million)"
THAT'S IT. AMD never had any more writedowns of Nexgen assets because they never bloated their Net Worth by making believe that Nexgen's assets were worth something. In fact, if you compare the value of "Property, Plant and Equipment" before and after the merger, it barely budged, in fact, it grew by a LOT less than capital expenditures.
My original post was 100% accuracte, and you, buddy, are 100% wrong.
Petz |
