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Technology Stocks : Aladdin Knowledge Systems (ALDN)

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To: Harry J. who wrote (334)	9/27/1999 9:42:00 AM
From: Harry J.	Read Replies (1) of 351

Anybody - In the fin. stmts. in the 1998 Annual Report which I received this week with my annual meeting proxy materials, the Consol. Bal. Sheet as of 31Dec98 shows: (1) -- "ASSETS - marketable securities (Note 3)" of US$1,697,000. Note 3 lists "Available-for-sale securities as of 31Dec98 as "Equity securities" US$194,000 and "Corporate debt securities" as US$1,503,000. Anybody know whose securities they (we?) are talking about? (2) -- "INVESTMENTS (Note 5)" as US$--. Note 5 shows that ALDN has sold all but US$23,000 of its holdings in WAVX and realized income of about US$1.5 million. Hence, the "ASSETS - marketable securities" in the balance sheet are something other than WAVX and, apparently, are booked as something other than an "investment." Any of you readers know enough accounting to tell me what this means if you are so inclined? (I could walk down the hall and ask a CPA, but this is hardly work related 8-) so I'm asking you persons instead.) Just wondering . . . Harry J.

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