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Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Art Bechhoefer who wrote (8673)1/14/2000 12:14:00 AM
From: Don Hess  Read Replies (3) | Respond to of 60323
 
Art (OT) -

Your observation that "Shares held by one company in another company generally show up on the balance sheet as assets at cost (not market value)" is, of course, factual, but an often misunderstood or overlooked item by those of us who are general dorks trying to understand a balance sheet. It is an enormous opportunity for mis-reporting assets one way or another -- honest, but misleading.

I wonder how many people who have tried to calculate the cash value of a company have been wrong by an order of magnitude due to this accounting practice.

- Don



To: Art Bechhoefer who wrote (8673)1/14/2000 1:46:00 PM
From: Ausdauer  Read Replies (2) | Respond to of 60323
 
Art, Jay and Thread,

When the assets are sold at a profit, that produces a one-time gain in income, reported on the earnings sheet.

SanDisk has not sold UMC shares and is restricted from selling for at least 6 months. They are reporting a one-time gain on the issuance of shares, not the sale of these shares.

SIII and ALSC have done exactly the same thing as I reported earlier.

Ausdauer


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