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To: Chuzzlewit who wrote (153063)	2/6/2000 9:33:00 PM
From: Edwarda	Read Replies (1) \| Respond to of 176387

A good merger should not be dependent on the accounting method. If mergers and acquisitions stop because of how the FASB mandates merger accounting then those mergers should probably not have taken place to begin with. I could not agree more with you, Chuzz--in principle. However, I can easily understand why companies might be leery of anything that appears to mess with reported earnings in a market that seems to value only accelerating revenue and earnings growth. We have seen the effects of accounting changes all too recently, you and I.

To: Chuzzlewit who wrote (153063)	2/7/2000 1:23:00 PM
From: Lee	Read Replies (1) \| Respond to of 176387

Hi Chuzzie,..OT OT OT Pooling of interests is supposed to be a merger of equals. Unfortunately, this accounting method hides the true cost of the merger from shareholders because the value of the assets "purchased" is never accounted for. CNBC just discussing this issue with respect to Pfeizer and Warner Lambert. Apparently PFE insisting on "pooling" accounting because, according to CNBC, EPS comes in at $1.27/share whereas, if it is treated as a "purchase", EPS comes in at $0.82/share. That's a significant difference! Also there was some talk that the pooling of interest method would be eliminated in the future by FASB. They, CNBC and PFE CEO, also discussed the goodwill writeoff of R&D? Sounds like muddy waters to me! <g> Cheers, Lee