Forum Archive Index - May 2002

["winner69 ." <wwinner69@hotmail.com>]

We agree then Snoopy. Good.

You asked that if Baycorp had 'taken' over Data Advantage would there be 
rather less goodwill on the books of the combined entity than is the case 
now?

DAD had a market cap of about $630M at the time of deal against a book value 
of $236M. If Baycorp had 'tsken' over DAD with the same arrangement they 
would have had to pick up $400M of goodwill - much the same as DAD picked up 
when the merger happened.

Have you seen the BCA balance sheet? Book value of $833M with goodwill of 
$457M and a capitalised database and other IP of $350M.

Suppose for a company whose 'bricks and mortar' is it's database and 
intellectual property you would expect that to be the greatest proportion of 
their assets...but that goodwill has to be a worry.






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