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JDS Uniphase Corporation Message Board

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  • pcparadigm pcparadigm Apr 19, 2001 10:05 AM Flag

    Stellar Performance?

    adamrussell writes:

    <<JDSU has not lost a penny you idiot. Negative earnings is an illusion caused by bookkeeping required to write off goodwill of companies purchased with jdsu stock. JDSU has *zero* debt, which is almost unheard of. And how good is it that they can buy billions of dollars worth of companies and then deduct it on their taxes!! It's almost a scam, but that's the law. Very smart to take advantage of it.>>

    And what are those purchased companies worth today? That's why they have to write off that goodwill. They paid too much!

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    • <<JDSU has not lost a penny you idiot. Negative earnings is an illusion caused by bookkeeping required to write off goodwill of companies purchased with jdsu stock. JDSU has *zero* debt, which is almost unheard of. And how good is it that they can buy billions of dollars worth of companies and then deduct it on their taxes!! It's almost a scam, but that's the law. Very smart to take advantage of it.>>

      "And what are those purchased companies worth today? That's why they have to write off that goodwill. They paid too much! "

      Wrong again. Every good company has goodwill. Goodwill is the difference between the price of a stock and its book value. It is the value of a company beyond what you would get if you sold off its assets. JDSU has made some awesome purchases and mergers.

 
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