Winslow Garnier
ASA Candidate in
Machinery & Technical
Services

Recovery in the Tech Market

Values Rise Dramatically for Refurbished IT Equipment

Winslow reports to the SD ASA Chapter from his travels on appraisal assignment in Austin. With the upturn in the tech markets, the cost of used/refurbished jumped skyward. The demand for reliable and accurate appraisal values has increased along with the recovery.

During the downturn, refurbishers purchased equipment at auction for their inventory, not knowing when, but believing a turn around would happen. During the tough times that lingered into the early part of this millennium, some refurbishers didn’t make it. Those that did are now experiencing an exciting surge in values for their goods as the tech field takes off again.

These photographs show a recent inspection Winslow conducted of a Novellus Chemical Vapor Deposition tool used for producing microchips. During the downturn, this unit would be valued at approximately $250,000 – today, a fully refurbished unit sold for as much as a $1 million.

Greetings & best wishes to all for a
Joyous Easter & Happy Passover!

The April 15th deadline finds many of us busy completing Charitable Contribution Appraisals, Estate Appraisals, and our own income taxes. With all of this worthwhile and beneficial activity, one could easily miss out on experiencing the exhilaration of spring!

Need a respite? Then join us at our April 20th ASA San Diego Chapter Meeting -- and partake in another fine presentation, in the company of your professional peers.

Hoping to see you!

Best Regards, Paul Golubovs, MBA, ASA

Georgie, age 3, and
Annie Voorhees Stillman

Life is Marked by Seasons

Seasons of a yearly cycle, with our Spring of birth and Summer of development and blooms, our Autumn of harvest and Winter of rest and preparation for new growth. And our seasons of life’s journey. My mother’s final earthly season is over now, but all the love and wisdom, laughter and lessons from her long and joyous life will stay with me forever. I can only hope that I give back to others, on their life journey, some of what she gave to me, and thus honor her life and legacy.

My mother saw amazing things in her life – she watched Lindbergh’s parade down 5th Avenue, Marlon Brando in A Street Car Named Desire from the 3rd row center in a Broadway theatre, heard Fats Domino at The Cotton Club, knew Barry Goldwater, Jack Kennedy & met Paul Newman, drove Lucille Ball around Phoenix in a convertible.

What a time my mom had! I wish you had known her. She certainly heard all about you guys! As many of you know, my Mom lived with me for the last 8 ½ years, and I am so lucky to have had those years, as an adult, with my Mommy. All I can say is, visit or call your parents, give them a kiss and a hug, and save up your memories to share with your children.

We, as appraisers, are caught up in determining the worth of something in terms of money. I stop sometimes and remember “its only money, stupid!” Other qualities that give us value, life and joy, are much more important.

Be well, be happy, Georgie

Peter Butler, ASA, Business Valuation

Peter is moving to Boise, Idaho this summer to accept a new position as Valuation/Liquidation Support Consultant with Hooper Cornell, P.L.L.C.

Hooper Cornell is a medium-size, full service CPA firm, and Pete will be an important key man in the firm’s plan to expand its business valuation/litigation support practice. Peter will be one of only three ASA Senior BV members in the entire state of Idaho.

Pete has been an active member of our ASA SD Chapter for several years, serving as the BV Chair, Mentor & Chapter Officer. The Chapter will miss his contribution to our membership experience, but he will be our ‘special correspondent’, sending us occasional reports from the Idaho scene for the Newsletter.

We wish you well Peter, knowing you and your young family will love Idaho, and THANK YOU for your exceptionally fine service to our SD ASA Chapter.

Gems & Jewelry

GJ205 - Gems and Jewelry Appraisal Theory, Methods and Application
Las Vegas - May 29 - 31
Reno - June 6 – 8

Expert Testifying Skills & Report Writing
Kansas City - July 25
Seminar hosted by G & J Discipline. For more information, please contact David Bowie, 858-578-8840

The Hidden Lives of Paintings
San Diego Museum of Art, Balboa Park
Wednesday evenings March 24–April 28. 5:30 – 8:00 PM.
Using the SDMA collection as the textbook, this course explores what’s under the paint, behind the canvas, missing around the edges. Instructor: James Grebl. Visit the Museum’s website for details & to sign up: www.sdmart.org.

The following applications for Advancement or New Member have been received. If you have any comments on the application(s) please contact Membership Chairperson Georgie Stillman, ASA - 619-563-9000.

Garrett Goldfield – Application for Candidate – Personal Property
Christine Jones, AM – Personal Property, Fine Art transferred from the San Francisco Chapter. Welcome Christine!

The ASA San Diego Chapter Nomination Committee has proposed the following slate of candidates for the ASA San Diego Chapter for the term 2004-2005:

President - Georgie Stillman ASA
1st VP - George LeBaron ASA
2nd VP - Kim Ufford AM
Treasurer - Pamela Bensoussan ASA
Secretary - Jo Ellen Cole Candidate

If anyone has comments or concerns over this slate, kindly contact Chapter President Paul Golubovs -- or any of the current chapter officers. Nominations will also be taken from the floor at the April Chapter Meeting -- prior to ballot development. Thank you.

For details about the ASA San Diego Chapter, contact information for Chapter Officers or to locate/contact an ASA designated appraiser to meet your needs, please visit our web site at SanDiegoAppraisers.org or call 1-619-781-8588.

This newsletter is published monthly via email as a service to the ASA Members and the community it serves. If you would like to receive this publication, please contact Georgie Stillman - 619-563-9000.

Newsletter Editor - Georgie Stillman, ASA
Newsletter Published by G-Force Services