RE: Is JBA for sell?

[Chris Tringham <chris.tringham@xxxxxxxxxxx>]

I'm not an accountant, but writing down the goodwill doesn't really imply
anything.  You have to write off the goodwill eventually - it's just a
matter of the length of time over which it is done.

This allows John Caldwell to have a fresh start in the new fiscal year and
will increase the profits in future years.  When new management take over
they always want to get the "bad news" out of the way quickly and then
demonstrate improved profitability in the future.   Geac is no different!  

The value of "JBA" is the revenue (cash) and profit that it generates, which
hasn't changed at all because of what was in the Q3 accounts.  If there any
accountants out there, please correct me if I am wrong.  


[As well as not being an accountant, I am not an official spokesman for
Geac.  Oh, and don't forget that...The price of shares can go down as well
as up...Pop Tarts get very hot if you put them in toaster...The contents of
the packet may settle during shipping...All other disclaimers apply (except
where prohibited by state law].

> In the three months ended Jan. 31, Toronto-based Geac took a one-time
> writedown of $196-million for JBA Holdings of Britain, which the software
> company bought for about $205.5-million in September, 1999......
> that is Canadian Dollars. Do that math and JBA isn't worth much now 
> 
> 
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