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Ascential Software Corp. (ASCL) Message Board

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  • InvestmentGuru2001 InvestmentGuru2001 Jul 8, 2002 10:46 PM Flag

    Another scam in the making

    From the EDS Annual report...

    On August 31, 2001, the Company acquired all of the outstanding capital stock of SDRC for $840 million in cash, net of cash acquired. SDRC offers software and services in mechanical design, product data management and business

    In connection with the acquisitions of SDRC and the minority interest in UGS, the Company recorded a $144 million pre-tax charge comprised of acquired in-process research and development totaling $86 million and other
    acquisition-related costs of $58 million associated primarily with certain UGS employee stock option transactions. At the respective dates of these acquisitions, the in-process R&D projects had not yet reached technological feasibility and had no alternative future use if the development is not successfully completed. The development projects generally included enhancements and upgrades to existing technology, enhanced communication among systems, introduction of new functionality and the development of new technology primarily for integration purposes. The SDRC development projectsranged from 50% to 80% complete and the UGS development projects ranged from 20% to 60% complete at their respective acquisition dates. The value of the in-process research and development was calculated using a discounted
    cash flow analysis of the anticipated income stream of the related product sales. The projected net cash flows were discounted using a weighted-average cost of capital ("WACC") between 21% and 30% for the SDRC projects and between 27% and 39% for the UGS projects based upon an analysis of the WACC for publicly traded companies within the software industry, the stage of completion of each of the projects, costs and complexity of the work completed to date and to be completed, and other risks associated with completing the development. The remaining costs to complete the SDRC projects are anticipated to be approximately $51 million and projects will be released throughout 2002. The remaining costs to complete the UGS projects are anticipated to be approximately $47 million and the projects will be released throughout 2002. If these projects are not successfully developed, future revenues and profitability may be adversely affected, and the value of intangible assets acquired may become impaired.

    And exactly what value added does Weyands bring to table? Look like he got a sweetheart deal from Perot! The same kind of PG got for Ardent from IFMX. When will you dickheads learn that it's all about the managment and not the investor. That's why we'll be seeing CEOs like PG doing jail time once they are exposed.

    Now I may be an imbecile; but your nothing more than an empty-headed dumbfuck. Oh, I get it. YOU WORK AS A SPINMEISTER FOR PG AND ASCL! I rest my case!


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