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To: Lee Lichterman III who wrote (117002)8/14/2001 8:29:51 PM
From: Box-By-The-Riviera™  Respond to of 436258
 
substraction ass backwards

silly analyst benefit

sorry, ask barney

serious ambivalence

sorry assed bankers



To: Lee Lichterman III who wrote (117002)8/15/2001 1:19:26 AM
From: patron_anejo_por_favor  Read Replies (2) | Respond to of 436258
 
<<Any idea what this means? .....>>

I dimly recall reading an article that stated that SAB 101 allows companies to write off good will on acquisitions over a longer period that is presently accepted...another device to inflate present earnings and make things look better than they were under current FASB standards.

Myth may have more info on it.



To: Lee Lichterman III who wrote (117002)8/16/2001 3:49:09 PM
From: Raymond Duray  Read Replies (1) | Respond to of 436258
 
Hi Lee,

You raised an interesting concern regarding SAB 101. I'm satisfied that AMAT is not trying to pull the wool over the investor's eyes in this matter. Instead, they are slowly conforming to a mandatory SEC requirement. Here's a brief discussion of SAB 101 as it pertains to M&A activity.

pwcglobal.com

The PWC team notes at the end of their discussion that "companies were required to implement SAB 101 last year", i.e. 2000.

Best, Ray :)