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Technology Stocks : GX Investors Thread -- Ignore unavailable to you. Want to Upgrade?

To: BWAC who wrote (96)	8/23/2001 9:54:48 AM
From: Ally	Respond to of 586

>There is no market value for GX's assets< If there is no market value, then the lesser of cost and zero is zero. It should read: The Company periodically evaluates when it benefits management, like when a new CEO comes in, or when the stock is already badly beatened up whether facts and circumstances as management sees them have occurred that indicate the carrying amount of a long-lived asset may be impaired. If an evaluation is required, the estimated future undiscounted cash flows associated with the asset are compared to the asset's carrying amount to determine if a write-down to market value or discounted cash flow is required and if the auditors disagree to management's discretionary assessment, we'll just fire them > Which I agree are necessary and appear to be around $2 Billion per year.< How do you arrive at the $2B?