Network Associates (NET) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Network Associates (NET)

NET 202.49

+0.2%

Dec 24 12:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Edwarda who wrote (4017)	1/19/1999 5:13:00 PM
From: Chuzzlewit	Read Replies (2) of 6021

Edwarda, you asked isn't there potentially a partial offset in the tax rate? A resounding No!!! There is no direct connection between taxable income as defined by the IRS and net income as defined by GAAP accounting. So a change in reported net income to shareholders as a result in the change of allowable write-offs for R&D will have no affect on taxes. In a previous post I indicated that the best way to watch a company is to look at free cash flow. Charlie pointed out (and I strongly concurred) that you need to watch income taxes paid, which you can find in SEC filings in the cash flow section rather than provision for income taxes which is found in the income statement. This will give you an idea of how aggressive the company may be in its accounting practices. TTFN, CTC

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next