Roger,
If I may so boldly ask, what other companies are you short? I don't short too often, but one or two small positions I can handle. Any other ideas?
Thanks,
Jp
Personally, I think ONSL EGRP and the search engines are good candidates if they run up again.
Also, from the following link... sec.yahoo.com
this sure is an odd way of reporting things... makes you wonder...
Change from Change from
Three Months Nine Months
Three Months Ended Nine Months Ended Ended Ended
September 30, September 30, September 30, September 30,
-------------------- ------------------- 1997 vs. 1997 vs.
1997 1996 1997 1996 1996 1996
----------------------------------------------------------------------------------
Net revenues................................. 100.0% 100.0% 100.0% 100.0% 199.0% 179.6%
Cost of goods sold........................... 9.9 10.6 9.8 11.9 177.4 129.5
--- ---- --- ---- ----- -----
Gross margin................................. 90.1 89.4 90.2 88.1 201.6 186.4
Operating expenses:
Research and development.................... 4.7 7.7 5.9 9.6 83.2 73.1
Sales, marketing and support................ 27.2 31.6 28.6 31.2 157.3 156.8
General and administrative.................. 8.7 9.4 8.6 9.3 177.2 156.9
--- --- --- --- ----- -----
Total operating expenses................... 40.6 48.7 43.1 50.1 149.4 140.8
---- ---- ---- ---- ----- -----
Income from operations...................... 49.5 40.7 47.1 38.0 264.2 246.6
Interest income, net......................... 9.0 13.3 8.6 10.5 101.4 130.4
--- ---- --- ---- ----- -----
Income before income taxes.................. 58.5 54.0 55.7 48.5 224.0 221.5
Income taxes................................. 21.1 8.5 20.0 7.7 * *
---- --- ---- --- - -
Net income................................... 37.4% 45.5% 35.7% 40.8% 146.0% 144.9%
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