JDS Uniphase (JDSU) Message Board

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Technology Stocks : JDS Uniphase (JDSU)

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To: pat mudge who wrote (152)	4/13/1999 7:26:00 PM
From: jack bittner	Read Replies (1) of 24042

surprised that you, one of the most sophisticated guys on the threads, should say that. when a tech co. acquires another co. they do so for much more than book value, because the brains of the tech personnel don't appear on the books. the excess over book value appears on unph's books as a non-tangible asset such as "goodwill" which is amortized over 5 to 7 years as annual charges against earnings. with jds there'll be about $3.5 billion in charges, so you won't see formal "earnings" for a long time. ignoring the accounting stuff unph sells at about 60x earnings when it's about 125

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