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Technology Stocks : How high will Microsoft fly?
MSFT 480.82+0.6%Dec 4 3:59 PM EST

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To: XiaoYao who wrote (5972)4/22/1998 6:22:00 PM
From: Bearded One  Read Replies (3) of 74651
 
Unearned revenue is revenue that doesn't result from operations. For example, appreciation in Apple and Real Networks stock prices. Earnings from revenue like that should give a P/E of 1. It's a nice little bonus, but it does nothing for you (it's not like you need the money) and is no indication of future growth one way or the other.
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