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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (78147)	3/19/2000 9:00:00 PM
From: Mike M2	Read Replies (5) \| Respond to of 132070

Thanks Les ho ho ho I am confident that they will tighten up the rules AFTER these POS stocks tank and the public is fleeced. The SEC and FASB can make assurances that it won't happen again but it will! mike

To: Les H who wrote (78147)	3/19/2000 11:01:00 PM
From: Don Lloyd	Respond to of 132070

Les - "...SciQuest is losing money, like many Internet businesses, so it emphasizes its revenue. The Web-based clearinghouse for laboratory supplies boasted in early February that its revenue rose to $2.6 million in the fourth quarter, "a 1400% increase" over the same period of 1998. But there might be less to SciQuest than meets the eye. The vast majority of that $2.6 million was passed on to SciQuest's suppliers in payment for goods that SciQuest never touched. As a middleman, SciQuest routes orders from buyers to sellers, takes responsibility for billing and holds no inventory. On each sale, it keeps just a small cut or commission. SciQuest's fourth-quarter cut totaled $35,198--1.3 percent of the revenue the company trumpeted...." If DataQuest predicts $100B in PC sales, how much of that can they report as revenue? -g- Regards, Don