IBM Message Board - Msg: 16984020

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : IBM

IBM 304.94

-3.2%

Nov 13 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Arrow Hd. who wrote (7430)	1/30/2002 12:31:35 PM
From: Arrow Hd.	Read Replies (2) of 8218

Message 16965333 Something to keep in mind is this FASB 142 rule which needs to be addressed in the first half. IBM takes over a number of companies each year so it brings in to question how they handle "good will". Since IBM is always quick to point out that they report "real" earnings and include all expenses that would say that if they have to take major write-downs of "good will" it could really impact the first and second quarters. Maybe this is why Gerstner chose March 1 as his turn-over date. This puts any financial clean-up under Palmisano early in his tenure and gets this issue out of the way. Or maybe there is none of this good will on the books and it is a non-issue. I sent an Email to IBM asking how FASB 142 will affect the first half and got a "canned" response from an automated machine which basically said I sent the note to the wrong IBM function. It was the address at the main web site so I don't know what was wrong with that. I guess we'll have to look at the financial details ourselves. Any thoughts?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next