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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 207.58-1.5%Dec 15 3:59 PM EST
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To: Sarmad Y. Hermiz who wrote (200761)6/7/2006 3:34:23 AM
From: brushwudRead Replies (1) of 275872
 
there is a goodwill item of $3.8B, which must be the price paid above value of assets. That would be written off, and book value would drop by that amount.

You're kind of jumping to a conclusion to think that they'd write it all off at once. But maybe they should. Years ago I said that one could visualize all that goodwill as a square mile of Silicon Valley real estate, underwater in San Francisco Bay.

If these assets were acquired around year 2000, they would be depreciated to near zero now.

Nope, even under old accounting rules, they'd depreciate it over 30 years or so. Today the rules say it just sits there until the green eyeshade types decide that it's "impaired".
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