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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (1323)	7/27/2001 10:25:53 AM
From: Wally Mastroly	Read Replies (3) \| Respond to of 10065

Headlines: Consumer sentiment dips, economy slowest in 8 years, GDP in the dumper, Litany-of-layoffs continues... This market could certainly use a positive catalyst.. Anyone see one on the horizon??? siliconinvestor.com

To: Justa Werkenstiff who wrote (1323)	8/15/2001 2:08:19 PM
From: Boca_PETE	Read Replies (1) \| Respond to of 10065

Justa: Here's some interesting fallout from the new accounting rules for mergers and amortizing goodwill. The below linked report says AOL Time Warner to report $5.9 BILLION more net annual income due to the absence of Goodwill amortization starting January 1,2002. biz.yahoo.com This story brings home clearly Brinker's statement that Steve Case is looking like a genius for trading in his AOL shares (a company without substance) for shares of Time Warner right near the height of the dot.com mania. I doubt if AOL TimeWarner (a company of substance) will be writing down their goodwill created from the merger due to 'impairment' in the near future. I wonder what CISCO's impairment write downs would be if it had been forced to account for all of its' acquisitions in recent years as a "purchase" under the new rules. Huge amounts of goodwill would have been created based on the inflated value of CISCO shares given. They'd probably have to use exponents to express such large amounts for the impairment write-offs. P