# Professor Paul Zarowin comments in a story exploring the impact of the recent U.S. Supreme Court decision to decline to hear a case filed by chip maker Altera Corp

1 Faculty News July 17, 2020 ![MarketWatch logo](/sites/default/files/styles/246w/public/assets/images/marketwatch%20logo.jpg?itok=pHUVfozf)>

Excerpt from [MarketWatch](https://www.marketwatch.com/story/an-obscure-court-ruling-could-play-havoc-with-tech-companies-earnings-2020-07-16) -- "Those companies include Pinterest Inc. PINS, -0.20%, Slack Technologies Inc. WORK, -0.44% and Snap Inc. SNAP, 1.05%, companies that have already written off future potential tax credits — tax credits they received because of ongoing losses — because they have no idea if or when they will ever be profitable. This is a conservative accounting practice, said [Zarowin](https://www.stern.nyu.edu/faculty/bio/paul-zarowin) of NYU, because the companies have chosen not to recognize a potential asset."

[Read More](https://www.marketwatch.com/story/an-obscure-court-ruling-could-play-havoc-with-tech-companies-earnings-2020-07-16)