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Technology Stocks : IBM
IBM 305.75+0.3%Nov 14 9:30 AM EST

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To: Robert Scott Diver who wrote (7437)2/15/2002 2:09:49 PM
From: Arrow Hd.  Read Replies (1) of 8218
 
This accounting flap was no mystery.

01/02 08:00 PR Newswire
JDS Uniphase Closes Acquisition of IBM Optical Transceiver Business

12/24 13:26 Market News Network
JDS UNIPHASE CORP: IBM CORPORATION - JDS Uniphase Corporation To Acquire IBM Optical Transceiver Business

IBM buys and sells businesses either in part or in whole every quarter. So is it a one time event or part of the business model? If IBM was excluding one time expenses and reporting on a Pro Forma basis then I could see the flap but they report on a GAAP basis so it all ends up going to the bottom line one way or the other. Anyway, the JDSU deal was no secret.
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