SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Compaq
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mao II who wrote (54394)3/22/1999 3:47:00 PM
From: rupert1  Read Replies (1) of 97611
 
MaoII: I assume that McCarthy is referring to the $2.9 billion in tax credits available which we have discussed on this thread in the last week. When COMPAQ planned on acquiring Tandem and Digital it would have carefully calculated the effect of tax credits on the total cost of the acquisition and on the future net profits of the integrated COMPAQ. The company should enjoy the benefits of its planning. It is not cheating, cooking the books, or distorting to use the assets it has acquired wisely. In my view COMPAQ will use part of the tax credits available to meet the original estimates of 35 and I hope they will get it to 38. Of course, analysts will jump on this and claim it is an attempt to hide poor operational results. But we don't know that they are poor yet.

McCarthy made several statements which appear to be unsupported assumptions. He says that in the short term, it will go to $25 unless it goes to $38. I said that, too, but I don't get paid to do research.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News