Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

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Nov 21 3:59 PM EST

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To: BWAC who wrote (12070)	11/17/2004 9:10:40 PM
From: BelowTheCrowd	Read Replies (1) of 25522

> Since WHEN was a litigation settlement part of ongoing operations???? < You fail to understand modern accounting. The company was operating on an ongoing basis. Sometime during that ongoing operation, they happened to run into a favorable tax ruling and a beneficial litigation settlement. Since, as I said, operations were ongoing at the time, it is clear that these earnings were part of ongoing operations. On the other hand, if they had faced an unexpected negative tax ruling, or had lost a lawsuit, these clearly would have been unusual, one-time events that definitely took place outside the course of normal business. As such, they would need to be excluded from the earnings that resulted from ongoing operations, because those operations had nothing whatsoever to do with them. Is that clear? mg

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