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Technology Stocks : Motorola (MOT)
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To: steve walsh who wrote (1148)6/4/1998 9:53:00 PM
From: Lazlo Pierce  Read Replies (1) of 3436
 
Wow, the amazing thing is in addition to the decreasing operating income (leading up to a loss this Q) they've been showing these last several quarters, it seems as if they've been throwing special charges just about every Q too, which is really an accounting trick to mask more losses. But this one they announced today takes the cake. On top of all of the prior ONE-TIME CHARGES, and an operating loss this Q, they are writing off ANOTHER 2 BILLION DOLLARS. At $50 MOT's market cap is just under 30B. They are taking a charge equal to ~ 6.5% of the entire market cap. This whole thing is outrageous.

Dave
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