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Technology Stocks : INPR - Inprise to Borland (BORL) -- Ignore unavailable to you. Want to Upgrade?

To: David R who wrote (4143)	1/27/2000 9:38:00 PM
From: i-node	Read Replies (1) \| Respond to of 5102

"What were they writing down on the Scotts Valley Campus? Are they just adjusting the value on the books to the market value? " For accounting purposes, you aren't allowed to write the book value of real estate either UP or DOWN; property held on the books must be carried at cost less accumulated depreciation. Certainly, the notes to the audited statements will make clear what happened here (I've found no notes to release today); however, I'm having a difficult time figuring out what they're doing here and what the accounting justification might be. Normally, to adjust the carrying value of real estate you need a realized and recognized gain or loss (that is, a sale). Something like this might originate, however, from a spinoff or other business combination. I'd have thought they would have made disclosure on this, even in the interim statements...