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Technology Stocks : WCOM -- Ignore unavailable to you. Want to Upgrade?

To: Rob S. who wrote (9023)	2/4/2002 2:08:59 PM
From: HH	Respond to of 11568

I think so too. WCOM was buying companys out left and right using wCOM stock as currency. This is when we all see the real meaning of the word "intangible" Its so intangible it is becoming invisible. HH

To: Rob S. who wrote (9023)	2/4/2002 2:11:56 PM
From: BWAC	Read Replies (2) \| Respond to of 11568

<WCOM will suddenly lose $20-$30 billion of it's so-called assets with the stroke of an accountants pen. > How the hell do you think those assets got there in the first place? Goodwill is a plugged number. You paid XXX to acquire X of net assets on Company Z's books. XXX- X = Goodwill. Plug the number in. And yes I suspect WCOM will write Goodwill down. They should for the very reason that the financial statements will be more clearly pictured without the fluff of Goodwill. Leaving the Goodwill on the books may be misleading when the stock price is so far below net shareholder equity of $18 per share. So? The bailers are bailing cause WCOM might write down Intangible Assets that the market is and has been valuing at zero ever since WCOM went under $18 last year?