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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: BWAC who wrote (17027)	10/8/2001 4:52:09 PM
From: rgammon	Read Replies (1) \| Respond to of 18928

My bond broker is Wall Street Access. The quoted prices I see are identical to the prices you can get on CNNfn.com (now money.cnn.com). The tool I use to screen is identical to the screen I see at money.cnn.com. I have purchased a CMO using that tool, and there was ZERO markup or commission charged on the trade. We'll see tomorrow if the bond trade goes thru with the same arrangement. Both Wall St Access (www.wsaccess.com) and money.cnn.com use the same bond data provider, www.bexdata.com. Best Data is the owner of the web site and the data. I have heard them described as a representative of the sell side. The Good Will comes from their acquisition of Frontier a few years ago, correct??? The 28% figure is one that came from the Standard and Poors web site. Does GAAP require us to back out Good Will from EVERYTHING, or do we merely back it out when it is convenient to our current interests? I suspect that GAAP has SPECIFIC instances in which Good Will is to be backed out of reported numbers, and this is NOT one of those instances. Note that I am not an accountant, nor a CPA, so I don't know the GAAP rules. Robert