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Strategies & Market Trends : Galapagos Islands
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To: X Y Zebra who wrote (11619)11/6/2002 6:54:48 PM
From: stomper  Read Replies (2) of 57110
 
That was the point though. I think it was four, maybe six quarters ago when they took a write down on billions in unsold inventory and wrote it off as "unsaleable", yet did not liquidate it, but instead kept it in their own warehouses. Chamber's was specifically asked if it would be resold later (else they wouldn't get the full write-off) and he assured everyone in multiple press outlets that it wouldn't be.

Uh, yah.

-dave
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