Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.81

+2.1%

10:51 AM EST

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To: Greg Jung who wrote (56165)	10/20/1998 11:08:00 AM
From: bucky89	Read Replies (1) of 61433

So you're saying, they write off now as one time and include it later in the normal reports? I don't think so. This is known as taking a reserve. If you know accounting, then you'll know what I'm talking about. This quarter, they wrote off the entire amount of the loan as a loss. If ANY of the loan gets repaid, then it will be accreditive toward future earnings. If they recover 50%, then they will get $0.02/share toward future earnings. But Mory emphasized that this is NOT bad debt, and there is no reason that they won't recover 100%. bucky89

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