How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 409.70

-3.2%

1:57 PM EST

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To: Charles Tutt who wrote (59753)	7/12/2001 4:07:19 PM
From: Dennis Doubleday	Read Replies (1) of 74651

> You wrote: I do think it is inappropriate to base growth comparisons on figures including investment income, especially if you're unwilling to do it consistently when there are losses. I don't think one should take the stance that "earnings is earnings" when investment income is positive, but try to brush it aside when it's a loss. Not only that, but the text cited in an earlier message said something to the effect of "Once MS decides that an investment loss is more than just temporary", they take the loss as a one-time charge AND THEY KEEP THE STOCK IN THEIR PORTFOLIO AT THE NEW REDUCED BASIS. That means any future "gains" against this basis will be lumped in with EPS numbers for future quarters. Quite misleading. The real question is not "why do the companies play these games?" but "why aren't they called on them by Wall Street?"

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