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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 214.87-0.1%Dec 23 3:59 PM EST

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To: Monica Detwiler who wrote (78728)4/29/2002 8:24:13 AM
From: Dan3Read Replies (1) of 275872
 
Re: Goodwill is just a paper adjustment of prior transactions - no cash involved.

Adding goodwill to your balance sheet lets you overpay for an acquisition, but not take a loss for that cost on your financial statements - even though the money is gone, gone, gone.

Accounting for goodwill, basically, is when you finally own up to bad investment mistakes you made earlier - you know, like Enron and NT did.

Intel next?
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