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To: Mike Buckley who wrote (38792)	2/1/2001 1:32:40 PM
From: Stu R	Read Replies (2) \| Respond to of 54805

Mike, I am also interested in the new FASB rules dealing with amortization of goodwill but have not yet had a chance to research it. If someone has easy access to a link to the new rules I would like to read them and I would try to interpret them for you. Also, in the examples you gave you used Qualcomm and its investment in Globalstar. Since Globalstar is a separate entity with a readily ascertainable market value it does not apply to the goodwill situation. Globalstar would be listed as an investment and would be adjusted downward on the balance sheet if its listed market value went down. The problem is when a company acquires another and it becomes integrated into the acquirer how can goodwill be assessed after the acquisition takes place. On the surface it appears to be impossible. That is why I am curious to see what in fact the new FASB (Financial Accounting Standards Board) ruling actually calls for. Stu