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Technology Stocks : Optical Cable Corporation - OCCF -- Ignore unavailable to you. Want to Upgrade?

To: Fiscally Conservative who wrote (197)	12/29/2001 4:10:54 PM
From: RKHIII	Respond to of 449

I suspect this part would answer that question, but I'm ignorant as to what it all means. I get another guy to do my taxes! "Although the Company realized substantial losses on trading securities during fiscal year 2001 that resulted in a capital loss for income tax purposes, that income tax loss is unusable in the current tax year and must be carried forward. Since the Company anticipates that it will not realize future capital gains necessary to use this tax loss carryforward, the Company has established a valuation allowance against its deferred tax asset that resulted in an increase in income tax expense of approximately $4.1 million for fiscal year 2001 (of which $0.7 million relates to the fourth quarter) in excess of what income tax expense would have been if the amount of capital losses for tax purposes were expected to be used." Can anyone here translate this nonsense?