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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.94

+1.1%

Nov 28 9:30 AM EST

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To: RGrey who wrote (16421)	8/28/1998 8:44:00 AM
From: Sawtooth	Read Replies (1) of 77400

<<What is this pooling of interests coming "online" in October?>> Basically, "pooling of interests" is an accounting method whereby the two joining entities merge their businesses together, via equity exchange, and go forward. Contrasted to "cash acquisition" where cash is paid to acquire a company. One downside here is "goodwill" is eliminated from the acquired company's balance sheet, causing a hit to the net income of the acquirer. As a spin-off, Lucent is restricted from using the "pooling" method, using it's stock as it's acquisition currency, until Oct., 1998. (the discussion was a side-topic re:Lucent.) Good luck today!

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