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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme -- Ignore unavailable to you. Want to Upgrade?

To: TokyoMex who wrote (3151)6/8/1998 9:27:00 AM
From: Trumptown  Respond to of 8798
 
But an alarmingly large chunk of the write-offs -- 15.3 percent -- were nonrecurring charges related to the purchase of so-called in-process research and development. That was up 70 percent over last year.

Why alarming? The rise may indicate that increasing numbers of companies are using an arcane accounting rule to artificially bolster their earnings.

Looks like the music is about to stop!

SR


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