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Technology Stocks : Adaptec (ADPT)
ADPT 15.45+0.2%Dec 12 3:59 PM EST

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To: Zeev Hed who wrote (1090)2/22/1998 8:46:00 PM
From: Cary Salsberg  Read Replies (2) of 5944
 
Zeev,

The Asset figure of $1149M does include $200M Goodwill and so does the new Net Worth amount. This is how they will be reflected on a new balance sheet, but most would agree that Goodwill is a "phony" asset. Its only value is in its amortization which decreases taxable earnings without decreasing cash flow.

Cary
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