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Technology Stocks : GX Investors Thread

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To: carranza2 who wrote (260)9/2/2001 1:08:20 AM
From: jerrybuchanan66  Read Replies (2) of 586
 
Hi Carranza2,

"The bottom line is that its tangible book value is negative"(The Motley Fool GX Board)

I may be looking at this wrong but here is how I see it.

Net Tangible Asset Value =(C.A.+Net P&E)-Total Liabilities
from 10Q NTAV=(3,509+11,823)-13,941=1,391

NTAV/sh=1,391/886.1m =$1.57/sh

ALSO: 2,694B of liabilities is deferred revenue, I understand this is service that must be performed,but does not seem to be in the same category as money that has to be repaid.

Let me know if I am viewing this incorrectly.

Jerry
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