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Biotech / Medical : New Brunswick Scientific Co., Inc. (NBSC)
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To: quidditch who wrote (402)2/13/2002 8:25:05 PM
From: BulbaMan  Read Replies (1) of 724
 
The "carrying value" of an asset does not reflect its actual value. It's an accounting number which in NBSC's case was relevant to the amount of DGI write-off they took. So, going forward, there will be no further DGI write-offs.
But, obviously, DGI is worth much more than $0 and NBSC's holding in DGI could be worth many millions if DGI ever does an IPO. (I'll leave it to Rick to guess how many millions.)
I agree the PR's phrasing was poor. But, I doubt it will be misunderstood by Wall Street pros.
NBSC jumped above $7 in after-hours trading.
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