Talk:Business valuation

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"The recent experience of several of the most important companies in the U.S. economy, IBM, General Motors and DEC, illustrates the problems that can arise when intangible asset information is omitted from corporate financial statements. All three were all showing large profits using current accounting systems while their businesses were falling apart If they had been forced to take write-offs when the declines in intangible assets were occurring, the problems would have been visible to the market and management would have been forced to act on them much sooner. These deficiencies of traditional accounting systems are particularly noticeable in high technology companies that are highly valued for their intangible assets and their options to enter new markets rather than their tangible assets." I have issue with above paragraph. I think we should include the period when that statement was true. I don't know about General Motors, but i know IBM is currently the most healthy IT company and DEC is long dead. Using the word "recent" make it feel like year 2000