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Technology Stocks : Alphabet Inc. (Google)

GOOGL 312.98

-0.3%

3:59 PM EST

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To: Cyprian who wrote (8530)	3/7/2006 8:57:11 PM
From: Cyprian	Read Replies (1) of 15857

so for instance net revenues in '05 of $4.02b were 66% or just under 2/3 thirds of gross of $6.1b. take that same 66% figure on $9.5 billion and what do you end up with? $6.27 billion net revs for '06, of course assuming the tac percentage remained the same. add to that talk of squeezed margins down the road, and you can see why i'm disappointed that i'm not still short.

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