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Technology Stocks : All About Sun Microsystems

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To: Alok Sinha who wrote (15113)4/1/1999 12:33:00 AM
From: Sonki  Read Replies (1) of 64865
 
does this affect sunw? The degree of SUN MICROSYSTEMS INC's involvement in the recent
AMERICA ONLINE INC stock deal with Netscape Communications Corp.
could affect the way AOL is allowed to account for the
transaction, the Wall Street Journal reported Wednesday. If
regulators conclude that Sun effectively bought Netscape's
corporate-software business, AOL could be required to account for
the deal differently, the newspaper said. It could incur as much
as $9.7 bln in "goodwill" charges against earnings over a number
of years, the newspaper reported. As a result, AOL would take
between $96 mln and $243 mln in annual earnings charges, using a
conservative 40-year write-off period.
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that is why i bot long term puts to protect profits. i will have rollig puts on all my big postions for ever. price of doig biz..
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