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Technology Stocks : Westell WSTL

WSTL 6.130

+8.7%

Nov 26 3:52 PM EST

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To: Sir Auric Goldfinger who wrote (20077)	8/16/2000 2:23:11 PM
From: BWAC	Read Replies (1) of 21342

Good grief?? Now you are really confused? Is this accounting lesson moving too fast for you? Is it too advanced? Do I need to back all the way up to debits and credits for you? "Amortization HAS NOTHING to do with CASHFLOW, not one friggen thing" Wrong! Please pay attention this time. Depreciation and Amortization are an addition to cash in the statement of cash flows. You see, both serve to reduce the starting figure of Net Loss (Or Gain). The assets bought with cashflows in prior quarters are amortized to depreciation over the economic life or benefit of the particular assets. You can see the effect of this in the Income Statement. This serves to reduce actual reported earnings in an attempt to match expenses against the revenue as it is produced. Now since the Depreciation isn't a cash item in the current quarter, it is an addition to the statement of cash flows. You do understand this? Right? So why do you continue to make attmepts to cloud the issue with incorrect misapplied postings? Such behavior would be acceptable if you were not a professional and truly did not understand? But that is not the case? Is it?

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