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To: Uncle Frank who wrote (1567)	4/29/1999 5:24:00 PM
From: Grantcw	Read Replies (1) \| Respond to of 54805

Uncle Frank, I believe the accounting issue involved involves the method of acquisition accounting UNPH is using. In one method (pooling), no goodwill (the difference between the price paid for the company and its book value) is recorded in the acquisition and the new company is accounted for as if the two companies had been together since the beginning of time. The other method (purchase) forces UNPH to account for the combination as if they did indeed purchase JDS. They have to record goodwill in this method, and amortize (expense each year a certain amount) this goodwill over a certain time period. This amortization of goodwill can really kill a company's earnings. If you buy a company for a good amount and their book value is low, you can be forced to amortize millions over a relatively short amount of time, I think the largest amount is 40 years. Hope this helps, and I hope all of it's right. It's off the top of my head. See ya, Grant P.S. You aren't my real Uncle Frank, are you? Here's his work and picture if you don't know.<gggg> cbs.marketwatch.com

To: Uncle Frank who wrote (1567)	4/29/1999 8:32:00 PM
From: gdichaz	Read Replies (2) \| Respond to of 54805

To Uncle Frank: No I missed the CEO of UNPH on CNBC mostly because I consider CNBC a massive impediment to successful investing. That is if you actually follow any of the "advice" given so freely by traders and other short time horizon "contributors". Once in awhile I do turn it on for an interview but usually the person doing the interviewing is so slick and/or knowitall in his/her approach that I turn it off. Actually there was a time - before I found that the internet is a much superior source of information - I used to watch the old FNN. Once I became hooked on the usefulness of the internet to gather info and exchange ideas, I cut off the TV frenzy. On your accounting point, I don't have a clue. Others here may. Chaz too