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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Saulamanca who wrote (65333)	12/27/2000 9:48:51 PM
From: Zeev Hed	Respond to of 99985

Well, this new rule leaves the door open to "shenanigans", prior years may be restated with goodwill written off as impairment (no one cares about past earnings and very little about book value, which will be impacted by write off of prior goodwill), goodwill that should be impaired is not, nor is it amortized, financial engineers are going to have a field day. Acquisitions can be made at huge valuations and carried as goodwill without an impact on earnings, WOW. Zeev