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Intuit, Inc. (INTU) Message Board

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  • mauricethepantsman mauricethepantsman Apr 11, 2002 8:41 AM Flag

    Cybermccs - Write downs are coming!

    I believe that Intuit is exposed. Let's assume that Bennett paid a "fair price" for Intuit's small-fry acquisitions. The "fair price" was prior to the time that the bubble burst. By today's standards, that "fair price" was overpaid. The accounting standard has changed for reporting goodwill. You can no longer write good will off over a 40 year period, ergo a writeoff is coming. How much remains to be seen. Only time will tell.

    My earlier note writing, of the change in the accounting standard (FASB 142) was just to let my friends, on this board, know that there is a risk to the bottom line. How deep is the cut? Don't know.

    Good luck to all.

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