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Technology Stocks : Ampex Corporation (AEXCA) -- Ignore unavailable to you. Want to Upgrade?

To: CompJock who wrote (3054)	7/26/1998 1:28:00 AM
From: Ms. Blumkin	Respond to of 17679

the tax adjustment and the NOL are separate and distinct ... a NOL is a Net Operating Loss and reflects past losses incurred by an organization ... to give an organization the benefit of any previously generated losses, which were not tax deductible (i.e. you do not get a tax rebate if you are running at a loss) you are able to take these NOLs into account when and if you generate future profits, subject to some pretty complex tax provisions, largely having to deal with material changes in corporate ownership.