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Technology Stocks : Global Crossing - GX (formerly GBLX) -- Ignore unavailable to you. Want to Upgrade?

To: AurumRabosa who wrote (2075)	9/23/1999 3:30:00 PM
From: Robert Sheldon	Respond to of 15615

Hey! I'm over here! Are these real sales or are they projecting future sales and giving themselves early credit for it? Of course they are real sales. They are received, in total, up front. GAAP does not allow for treatment of 'expectations'. What about your Rule 43 questions? I'll give you a hint. Cash flow is cash flow is cash flow. No matter what the new accounting pronouncements are, the cash flow will remain the same BECAUSE THEY ARE REAL SALES. The 'bias' on the street is to focus on cash flow as a measuring stick - that makes the accounting argument tired and irrelevant. If you are interested in what the heck I mean by ‘bias' go read “The Alchemy of Finance” by George Soros. You can get a copy here . . . amazon.com