WCOM Message Board - Msg: 17652815

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : WCOM

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: BWAC who wrote (10814)	6/25/2002 9:10:06 PM
From: Daniel G. DeBusschere	Read Replies (1) of 11568

BWAC- Thanks for your thoughts. If the statement is true, then what would be anyone's motivation to create a "crisis of monumental importance" based on this? I have seen a lot of fights over capitalized costs versus operating expenses and I have seen the IRS basically say f__k GAAP this is a capitalized cost as far as US corporate tax accounting is concerned - you are NOT going to get a current expense deduction and reduce your taxes this year - you are going to capitalize the cost and depreciate it over 40 years!! The real consequences of this action may be experienced tomorrow by a serious market meltdown. People are going to sell first ask questions later. I may be a buyer tomorrow if opportunities arise.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next