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.

Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: rupert1 who wrote (46269)	1/30/1999 10:55:00 PM
From: robbie	Respond to of 97611

I'm not one for special pleading, like Kumar, that the real earnings were about 37 or 38 when you remove the "distortion" caused by the tax issue. The tax credits were part of the calculation of the cost of the DEC acquisition and it is rubbish to claim that it was an extrinsic factor. Victor, I was going to make the same point! To claim that the benefit of the lower tax rate isn't really income is absurd. The same people who were bringing up all of the negatives of the DEC merger now don't want to acknowledge the benefits. The lower tax rate was discussed on this thread long ago. People who didn't use it in their estimates were asleep (like ol' pair o' dimes). Robbie