Techdom's New Bean Counting Battle

It's lobbying hard to preserve "pooling of interests"

Pity the kingpins of Silicon Valley. Their stocks are getting slammed, and their revenues are under a microscope. What could go wrong next? Well, by yearend, America's top bookkeepers plan to pull the plug on "pooling of interests," the accounting technique popular at merger-happy high-tech companies. Accountants argue that pooling lets companies--especially tech and financial companies--hide and minimize the true cost of deals.

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