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Technology Stocks : Novellus
NVLS 2.400+2.1%Jul 24 5:00 PM EST
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To: Berk who wrote (3438)5/30/2003 8:47:04 AM
From: LemurHouse  Read Replies (1) of 3813
 
Re synthetic lease.

I was not paying close attention at that point, but as I recall the question was when would the issue be decided, and when would the changes appear -- if indeed there are changes. (Answer: not sure, we're still working on it.)

I'm assuming that this is something they are currently doing but might be forced to stop. While I understand the general nature of synthetic leases, I don't know the specifics as they pertain to NVLS. I.E. how much money is involved and what is the potential impact of a change in accounting for this item? Could it have a material effect on earnings or SE?

Thanks.
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