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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Qualified Opinion who wrote (26448)2/3/2002 12:32:33 PM
From: Zeev Hed  Read Replies (2) of 99280
 
Robgera, on the other hand, the new GAAP principle will eliminate taking write off of intangible each quarter, and replace it with writing off only when it is clear that the goodwill associated is no longer of the stated value. I believe that each company will have to chose a quarter when they make that assessment once a year. The net result will be GAAP reported greater earnings than before, with here and there big write offs, which the street will label as "one time events".

Zeev
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