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Technology Stocks : Altaba Inc. (formerly Yahoo)
AABA 19.630.0%Nov 6 4:00 PM EST
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To: Michael Collings who wrote (9812)4/12/1998 3:33:00 PM
From: satish kamat  Read Replies (2) of 27307
 
Michael:
Looking over the YHOO's earnings reports for last two quarters, you are right.
98Q1 97Q4
Net revenues $ 30,206 $25,105
Cost of revenues 3,917 3,229
Total operating expenses 22,622 24,475
As the sales revenues were 30MM and operating expenses were 22.6MM, YHOO could not add more than 3.667MM this quarter, forget the 17.8 MM to net cash flow. Most of the 17.8 MM came from the capital gains on the securities they hold.

Wondering if you noticed the item called deferred revenues in liabilities mean. Any idea ? If it is revenues to be booked over next quarters, why include it in liabilities? Last quarter this item was $4.852 MM. Here is an interesting coincidence: revenues for Q198-Q497= 30.206-25.105 = $5.101 MM. Approximately same as deferred revenues for Q198-Q497= 10.102 - 4.852 = 5.250MM. May be just a coincidence.

satish kamat
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