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BCE Reports its Fourth Quarter and Year-End Results (5180 words) |
 | BCE Inc.'s decision was based on a number of factors, including a revised business plan and outlook of the principal operating segment of Teleglobe with associated funding requirements, a revised assessment of its prospects, and a comprehensive analysis of the state of its industry. |
| BCE recorded a gain of $1,042 million, relating primarily to the tax benefit from (i) reinstating non-capital losses that were previously used to offset the gain on sale of Nortel Networks shares in 2001; and (ii) applying a portion of the capital losses against the gain on the sale of the Directories business in 2002. |
| BCE recorded a charge of $316 million in 2002 ($191 million in the second quarter and $125 million in the fourth quarter), representing a write-down of its investment in BCI to an estimate of its net realizable value. |
| The Significance of 70 Years (17768 words) |
| Even through Jehoiachin was not in office and was not transported to Babylon until the year 597-596 BCE (at the epoch of a 70th year--as cited) it may have been that the author of Ezekiel reckoned the year of Jehoiachin's captivity' as coinciding with the time of the initial Babylonian conquest of Judea. |
| This means that the occurrence of the nearest 7th year (according to 70-year chronology) could have begun in either the spring of the year 162 BCE (not in autumn of the year 163 BCE) or it could have began in the spring of the year 163 BCE (not the autumn of the year 163). |
| It is of special significance that the year 37 BCE (the year when King Herod ascended to the throne of Jerusalem) is indicated to have been the year of a conjunction of both cycles--of 70 years and of 49 years. |
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