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 : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?

To: Doug who wrote (15468)	12/8/1999 9:25:00 AM
From: Bob Howarth	Read Replies (1) \| Respond to of 18016

I am not an accountant but my understanding is as follows. Pooling is already prohibited under International Accounting Rules, thus not relevant issue in talking about ALA or Siemanns takeover of NN. There are some strange remarks about how ALA could not use pooling with NN due to ALA share buyback on YAHOO thread that are thus completely irrelevant. Pooling would be of interest short term for a US company (pooling legal for about another year, wonder if retroactive to end of this year???)like CSCO but how CSCO would integrate a corporate/operational mess like NN into its absolutely incredibly efficient and well run business (CFO could give weekly earnings reports with 1 week delay it is said by some) is beyond me. Does anyone know if goodwill is counted as part of book value, US vs International? Seems like it would be since cash was used to make the purchase of Stanford, and that cash was part of the book value. Siemanns has raised over 4 billion cash recently from its divesting non strategic assets. They could probably make a cash offer if NN would be part of their strategic plan. Siemanns is evolving into a much more focused company, and I don't know their plan. Ericsson seems quite busy in other areas. Are there any Japanese players? YEN is a good 25-30% overvalued wrt Loonie so they would get a great discount.