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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: edamo who wrote (33432)3/14/2001 12:13:50 PM
From: Uncle Frank  Read Replies (1) of 65232
 
Ed, from what the valuation junkies tell me, cash flow is a better indicator than earnings. From itwo's last 10Q (filed 11/13/2000):

Net cash provided by operating activities increased to $125.1 million for the nine months ended September 30,
2000 from $47.2 million for the comparable period in 1999. Operating cash flow for the first nine months of 2000
increased as a result of increased revenues, deferred revenues, accrued liabilities and incomes taxes payable,
partially offset by increases in accounts receivable, deferred income taxes and prepaid assets.

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