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Technology Stocks : Hoover's Inc (HOOV) -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (799)	9/18/2001 5:12:43 AM
From: Elroy	Read Replies (1) \| Respond to of 848

"During the current quarter, the company expects to record losses related to its investments in various privately held companies, its capitalized costs associated with the development of an e-commerce system that will not be implemented, and severance charges related to changes in executive management. These non-cash charges, along with other one-time costs, have significantly increased expenses for the quarter, but in the company's view have better positioned the business for future net income profitability." How can a severance charge related to changes in executive management be a non-cash charge? Did they give the guy extra pens lying around in inventory or something? Elroy