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  • astocke astocke Dec 29, 1997 11:05 AM Flag

    43 Millinon Charge in 4th Qaurter?

    REJI, do not hyperventilate!! It is strictly an accounting adjustment. The standards for recognizing software expeditures
    have changed. Before a company could capitalize them over the life of the software now the company has to expense them
    immediately. The earning power of WALGREENS has not changed. It is still a cash generating cow!! The analyst will lower their estimates
    by the nickel and move on. The market is crazy but for an accounting change the price should not drop. Sleep well..Walgreens
    will still make all of us Millionaires!!

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