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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments
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To: Mr. Pink who wrote (2044)8/14/1998 9:26:00 PM
From: Peter V  Read Replies (1) of 18998
 
Re ENVY: are you talking about this tidbit from their Marketguide profile (not even buried in the 10Q)?:

Results reflect internal growth of transaction volume and the absence of a $3 million write-off of acquired in-process technolgy.

So am I correct they would have lost a million instead of showing 2 million net income if they had included the write-off? Or is there some other nefarious accounting procedures buried in the financials? One more question, why has the short interest been 3 million and change for the last 12 months? I was expecting to see a gradual increase, but there has been very little change for an entire year.
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