Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (21698)	7/26/2001 5:27:16 PM
From: Rich1	Read Replies (2) \| Respond to of 30051

Still $6 bill a lot of cash to lose.. Pretty smart the way they paid SDLI and the other company with their stock at the highs though..If anyone will make it they will IMHO... If we see $4/5 dollars I am loading up...

To: Zeev Hed who wrote (21698)	7/26/2001 5:27:38 PM
From: Ted Downs	Respond to of 30051

Zeev, I was going to jump on IGT until I saw a report that their new cashless multiple game machines were not going over well. I'm not sure where I saw the report at this time but it was this week. I think it was one of the smaller casinos possibly station casinos that switched most of their machines to this new format and people were confused how to play them and didn't like them. Maybe a seniors training school would be a good bet (pun intended). Ted

To: Zeev Hed who wrote (21698)	7/26/2001 5:37:27 PM
From: Jdaasoc	Respond to of 30051

Zeev: there is another $35 B in good will to take ff in the future That works out to another $27 / sh in good will to write off. The question is are they any better off then rest of $5 wonders out there LU NT ERICY and XRX. john

To: Zeev Hed who wrote (21698)	7/26/2001 5:41:47 PM
From: wgh613	Read Replies (1) \| Respond to of 30051

Zeev,if you are still holding BEAS,you might be interested in this post I made on another thread: BEAS, CEO is appearing on Mariah Bartuoromo's program on CNBC between 7:30 and 8PM tomorrow. Maybe he will arrange for some good news tomorrow to make the company look good for his interview. Hoping, Manny T.

To: Zeev Hed who wrote (21698)	7/26/2001 6:47:47 PM
From: Alastair McIntosh	Read Replies (1) \| Respond to of 30051

Zeev, they are restating their March quarter and have written off $38.7 billion in that quarter. Book value is about $12.15/share down from $47.64. The Company has had communications with the Staff of the SEC, and will amend its Quarterly Report on Form 10-Q for the quarter ended March 31, 2001 to reduce the carrying value of goodwill by $38.7 billion for that quarter. In addition, the Company has recorded a $6.1 billion reduction of goodwill for the quarter ended June 30, 2001 following further declines in its market capitalization. Finally, approximately $300 million in certain amounts paid to SDL executives in connection with the acquisition which were previously recorded as acquisition costs in the quarter ended March 31, 2001 have been reclassified as a one-time charge for that period and the Company also recorded a $715 million charge for that period to write down the value of its equity investment in ADVA. Because of the significant industry downturn the Company is in the process of performing a review of its long-lived assets in accordance with GAAP, and this review may result in further charges being recorded for the fourth quarter of fiscal 2001 based on the value of such assets. Al