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Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?


To: Herb Fuller who wrote (56885)6/29/1998 10:01:00 AM
From: Rocky Reid  Read Replies (1) | Respond to of 58324
 
>>When a Corporation makes a purchase of an asset it becomes just that , an asset . This is added to the total assets not listed as a loss .<<

Feel free to take back your dunce cap and wear it with pride. Assets are not figured into an earnings report. Cash expenses and revenues are. Iomega is shelling out cash to buy Nomai. This outlay of cash will show up on the balance sheet, and it will not be pretty.