Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: AC Flyer who wrote (15157)	2/18/2002 3:03:24 AM
From: Moominoid	Read Replies (2) \| Respond to of 74559

Buffett's biggest issue was amortization of goodwill. That has now been taken care of.

To: AC Flyer who wrote (15157)	2/18/2002 8:16:57 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 74559

Wrong. Wrong. Wrong. One of the largest single cause of write-offs occurring in 2001 resulted from FASB Statements 141 and 142 which eliminated the pooling of interests method of purchase accounting and required companies to test their goodwill for impairment and write it down where required. you're barking up the wrong tree. the headline numbers you see for SPX company earnings, like the first call analyst numbers, are based on pro forma estimates which do not include noncash charges. the pro forma or operating numbers are significantly higher than GAAP figures for more than 50% of SPX companies. Your statement that write-downs were taken on a pro forma basis but not on a GAAP basis is startlingly ignorant you have it totally backward. i don't know why i bother but i will spell it out for you, going back to the quote you pulled from my post... those writeoffs aren't even included in the PEs. most of the PEs you hear about are just pro forma operating crap that excludes all the bad stuff going down on GAAP<< this means the noncash writeoffs (and many cash writeoffs as well) do not occur in the pro forma numbers, which are "most of the PEs you hear about". i.e., it is all the bad stuff that gets written down against GAAP income. if you want to insult me and have an argument with me, at least try to make sure you're not claiming i said the opposite of what i actually said. even the people on the QCOM thread do better than that. Your contention that PEs are calculated on a pro forma basis is also just plain dumb....statement that write-downs were taken on a pro forma basis but not on a GAAP basis is startlingly ignorant one sign of a person doubting his own ability is that he tends to "fight dirty" in debates. i can only laugh. you don't know what you're talking about, so i won't waste my time explaining to you anymore. you're on ignore, so don't bother insulting me anymore. have a good life.