Altaba Inc. (formerly Yahoo) Message Board

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Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

0.0%

Nov 6 4:00 PM EST

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To: craig crawford who wrote (14044)	9/30/1998 8:30:00 AM
From: Canard	Read Replies (1) of 27307

Talk about irrational exuberance. Has anyone read SEC Chairman's Levitt speech about cracking down on Tech Firm's use of CREATIVE ACCOUNTING (on 09/28/98). AOL was mentioned and another unnamed Tech Firm. Yahoo's 10Q filed on July, 1998 wrote off 44,100,000 out of the total VIAWEB purchase price of $48,559,000 as in-process research and development because it deemed that it has not reached technological feasibility and had no alternative future use. Would you buy something for $48M that had no alternative future use? I have a feeling that this is the other unnamed company SEC Chairman Levitt was talking about (www.sec.gov/news/speeches/spch220.txt). If these companies are forced to restate their 10Qs (quarter earnings), this could mean big-time trouble for us investors.

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