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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: bigcue2000 who wrote (25368)2/14/2002 9:01:00 PM
From: LiPolymer  Read Replies (1) of 27311
 
Bigcue, these are non-cash charges, similar to goodwill written down after an acquisition. I guess asset impairment is a fancy bean counter way of saying "we paid too much". Even though there is no impact to present/future cash flow, these items were at one time bought and paid for by...you guessed it! The lucky shareholders paid for it with dilution. Hope you are doing well. Take care, G.
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