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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Bruce Brown who wrote (49537)	12/19/2001 1:24:52 AM
From: Wyätt Gwyön	Read Replies (1) of 54805

I had mentioned fibre channel it's Fibre Channel. capitalized. somebody who's such a stickler for spelling and punctuation should be familiar with these things. just for that i get three free "Buffet"s. bring Mucho out of his cave to rant about the pension woes, accounting changes and anything else he can swipe with a sabre concerning GE.....) i figured you would try to lure me out...but the cave reference touches a bit too close to the OBL leitmotif 4 my taste. GE's earnings will benefit from the goodwill adjustment, but will be hurt by the pension adjustment. buffet wrote an interesting article not long ago on how pension-return estimates have changed over the years. posted on this thread, as i recall. of course, many cos will benefit from goodwill adjustments. it will be interesting to see how they characterize YoY comparisons, which could be very significant in some cases (not so much for GE). this was discussed inre Merck in the latest Barron's. the goodwill adjustment will be incremental and impact YoY earnings for one year only. pension adjustments may be ongoing.

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