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Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?

To: kvkkc1 who wrote (16653)10/10/2000 8:25:16 PM
From: The Phoenix  Read Replies (1) | Respond to of 21876
 
NT is writing down goodwill from the BAY purchase. I think that ends soon.. and then you'll get a better look at the underlying company. Still, NT has the circuit switching business to transition so their challenges aren't over either.



To: kvkkc1 who wrote (16653)10/10/2000 9:12:09 PM
From: Ian@SI  Read Replies (1) | Respond to of 21876
 
Nortel reports under Canadian GAAP which doesn't permit pooling of interest. Thus any goodwill must be carried on the books and systematically written off against earnings.

If CSCO and LU had the same restriction,
guess which one would be worse off.

Pooling of Interest seems to hide a lot from some investors. :-)


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