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Technology Stocks : Western Digital (WDC)
WDC 270.16+7.9%Feb 2 3:59 PM EST
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To: SJSharky who wrote (8631)1/30/1998 3:08:00 PM
From: Frodo Baxter  Read Replies (1) of 11057
 
Could you point to the FASB bulletin that defines "special" versus "extraordinary"? Betcha First Call will exclude the charge regardless. In any case, it seems to have worked, as the street thinks they have this problem licked.

>I will agree though they do appear to be one-time charges.

I dunno about that. From the vague way they described it in the cc, it seems like mostly write-offs and downs of assets. What if, as a matter of course, the company takes an aggressive approach to depreciation?
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