Altaba Inc. (formerly Yahoo) Message Board

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Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

0.0%

Nov 6 4:00 PM EST

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To: sage douglas who started this subject	4/11/2001 4:43:59 PM
From: KeepItSimple	of 27307

I see yahoo has taken the art of financial sleight of hand to a new level. Amazon used to be the king of "pro-forma" earnings statements, but YHOO has gone over the top this time. As far as I can see, they have yet to release non-pro-forma income statements yet. For those that arent aware, pro-forma is a term used by companies to make earnings look better than they actually are, since they put every conveivable expense in the pro-forma column. One times charges that occur every month, etc, it doesnt matter- everything gets thrown in that black hole. It will be interesting to see how much money Yahoo tells the SEC they lost- those press releases should be coming out soon and I expect they will be quite different than the smoke and mirrors of the first press release.

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