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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: Greg Hull who wrote (27525)	7/18/2000 2:47:14 PM
From: Logain Ablar	Read Replies (1) \| Respond to of 29386

Greg: The carryforward is for 20 years from year of loss (15 years 97 and earlier) and is usilized as income is generated. Lets hope they use it all next year. Now not to confuse things but the above is for the tax return not the GAAP financials. I'm real fuzzy on FAS 109 but I believe IF QLGC can convince the auditors that the NOL will be utilized they can "book" the "deferred benefit". I would think QLGC management would not agressive in this approach but if say ANCR uses 1/2 of the NOL next year and has a large enough backlog they would have a good arguement to book the deferred benefit. Tim