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To: chowder who wrote (87060)	2/13/2001 8:31:36 AM
From: Think4Yourself	Respond to of 95453

You have a valid point about SMOP. I am using the buyout cash to help pay taxes so the guaranteed 10% is a better deal for me. You should be ok buying the chip makers. I am also, but am avoiding the chip equipment makers like the plague. look at how they did at the bottom of the last cycle and you'll see why. The cycle really HASN'T changed despite what the analysts would have you believe. I looked at the goodwill issue recently. There are two different methods to account for acquisitions, pooling of interests and purchase method. One involves goodwill and the other doesn't, and there are rules about which one to use. FASB wants to allow the non-goodwill method of accounting to always be allowed, and RETROACTIVELY. In this case, you don't have the large amount of goodwill to let you know they seriously overpaid for an acquisition. I don't like the change because it obscures management blunders and hope it fails.