EARNING SHORTFALL (part3)
> you seem to be very sure of yourself reg. earnings.
> are you an accountant, and i also read the financial report, and teh
> latest earnings do have income tax taken out of them.
Yes, I am accountant
I have known this tax attack going to happen in q3 (before the q2 earning release) b/c:
"As of September 30, 1999, we had approximately $7.8 million of net operating loss carryforward"
net income
q1 4,243
q2 4,146
total 8,389
roughly, q2 taxed on only 600 of 4146
I believe F5 paid a little bit of tax in q2 too,
but the bus. wire release doesn't show tax provision there.
though my calculation is rough,
I believe my point of significant tax cut in q3 is still valid
David
> the recent acquisition of cisco's is nothign but a credit to f5 business
> worth. i think the worst is over for the stock. it should never have been
> at 160, nor should it be at 30's, the best thing to do with these volatile
> stocks is to draw a line in between.
> if f5 executes according to plan, i think they could win big. but all of
> the above are just hopeful opinions of mine. again, if you are an
> accountant, i take it you are a better judge reg. earnings, if not, then i
> suggest you consult one.
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