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Technology Stocks : The Learning Company (TLC) -- Ignore unavailable to you. Want to Upgrade?

To: paul richards who wrote (6061)	11/9/1998 11:52:00 PM
From: Fred Fahmy	Read Replies (1) \| Respond to of 6318

bitter paulie, It's pretty obvious that the "pooling of interest" methodology is a new concept for you. TLC didn't "come up with" anything. As the article you pointed out suggests, this is a very common practice. You just don't get it do you. If any accounting regulations change so do expectations. Just because you don't understand TLC's numbers and think they are "coming up" with something, don't assume that analysts or investors are equally in the dark. TLC is getting stronger each quarter and no amount of lies or negative hype is going to change those facts. Have a nice week, FF

To: paul richards who wrote (6061)	11/10/1998 12:18:00 PM
From: paul richards	Read Replies (3) \| Respond to of 6318

more info why pooling of interest is misleading investors: 1.Purchase vs. Pooling-of-Interest Accounting Acquiring companies in a stock-for-stock transaction can sometimes circumvent the recording of goodwill by making a pooling-of-interest election. Under pooling-of-interest accounting, the earnings, assets, liabilities and equity of the two companies are simply added, as if they had always been one company. The acquisition premium is never recorded, inflating combined ROE. Similarly, the acquisition premium is never amortized (as in the case of goodwill), so reported earnings are higher. Our survey, as the FASB presently proposes, restates all pooling-of-interest transactions as purchases, thus recognizing goodwill.