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Technology Stocks : OnSale Inc.
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To: D.J.Smyth who wrote (1428)7/28/1998 5:55:00 PM
From: Don Westermeyer  Read Replies (1) of 4903
 
Did they just give Cendent the money for a one day service or something? If not, it should be expensed over the life of the 'contract' (there are no details on what CD provided). If it was just a very short term deal (like one or two quarters) with CD, then that's fine. I'd like to know what Cendent provided in return for such a large expense.

AMZN just got ripped for their creative accounting, YHOO is also pretty creative. In fact too many companies these days are. I am just wary of some of the way many companies hide real losses as 'one time' expenses.

Actually after reading the PR again, I think a one time charge is appropriate. I'd like to know how much it was though.

BTW - I'm not short - in fact have considered going long. ONSL is probably not the easy money like that fool analyst who has a 6 month target of $81 though.

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