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Technology Stocks : OnSale Inc.

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To: StaggerLee who wrote (1486)7/30/1998 1:47:00 PM
From: Mo Chips  Read Replies (1) of 4903
 
<<As a CPA, I view this as a disgrace to the accounting profession>>

You don't pay much attention before you shoot your mouth off. ONSL DID NOT EXCLUDE THE MARKETING CHARGE FOR THE RCI PAYMENT. Its there, go back and read it before you pop off. For a CPA you really are sloppy and judgmental...

The issue with the RCI payment is if the analysts included it in the estimate. Not if onsl included it in the actuals. As a matter of fact, I see that ONSL just issued a press release to clarify the issue. Here is the link to the article titled "ONSALE Surpasses FIRST CALL's Corrected EPS"...

biz.yahoo.com

Here's a quote...

"The loss included a previously announced one-time marketing payment to Cendant Corp. [NYSE:CD - news], relating to the Resort Condominiums International LLC (RCI) partnership."

You've lost all credibility Mr. Lee.

Mo
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