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 : IDT *(idtc) following this new issue?* -- Ignore unavailable to you. Want to Upgrade?


To: vinh pham who wrote (16364)11/5/1999 12:16:00 PM
From: Rappin1  Respond to of 30916
 
Vinh, you may be right but I still have my doubts. I say this because I thought I remember Howard or someone saying they wouldn't consolidate INTEL's earnings if they had 57% ownership. It was brought up before that a company must own at least 80% to consolidate financials, don't know if that is true. I believe the .20+ earnings for the q did not include NTOP and they showed revenue from NTOP, I belive this would be eliminated during consolidation. I really need to dust off my Advanced Accounting knowledge. Regardless, there is some confusion and it may be part of the valuation problem. Thanks for your response.



To: vinh pham who wrote (16364)11/5/1999 12:18:00 PM
From: DavidH  Read Replies (1) | Respond to of 30916
 
Vinh
I don't think that is correct. IDT does not have to consolidate NTOP's books with theirs unless they own greater that 80(81?)% of the underling company. This is my understanding based on Atlantic Richfield's spinning off of Lyondale Petrochemical and Arco Chemical back in the late '80's.
dh