Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Ampex Corporation (AEXCA) -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (9146)	6/13/1999 12:08:00 PM
From: Fundamentls	Read Replies (1) \| Respond to of 17679

I'm not an accountant, but when I have run into this situation with other acquisitions, the company consolidated the results from the date of the majority acquisition forward. They have not always broken out line of business results, but have always noted how much of the revenues and expense were accounted for by the acquired company during the quarter, with a statement like... "The Company acquired 51% of XYZ Corp. on May 15, 1999, and the results of operations of XYZ Corp. are consolidated with the Company's results from May 15, 1999 through the end of the quarter. XYZ Corp. accounted for $1,234,567 of the company's operating revenues and $1,987,654 of the company's expenses during the quarter." Don't know if this is the required treatment but it seems to be how it's usually done. Fund