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Technology Stocks : Ascend Communications (ASND)

ASND 196.81

-4.9%

Dec 9 3:59 PM EST

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To: MikeM54321 who wrote (60937)	4/28/1999 1:49:00 AM
From: Chuzzlewit	Read Replies (1) of 61433

There was nothing unusual at all in the way negative goodwill was reported. Amortization of goodwill is always reported as an operating expense (like depreciation). Goodwill amortization is a charge against the capitalized difference between the market value of net assets and liabilities and the amount paid for them. The divestiture of some Stratus assets simply reversed the charge taken previously. Note that it was not a charge this quarter. It was a 'contra-expense'. In any event, it is non-cash and has nothing to do with operations this quarter and should be eliminated from analysis. TTFN, CTC

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