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Technology Stocks : MicroStrategy Inc. (MSTR) -- Ignore unavailable to you. Want to Upgrade?

To: JMD who wrote (518)	3/22/2000 9:09:00 PM
From: George Papadopoulos	Respond to of 717

>Strongly agree with you George--GAAP is clear as mud on software revenue recognition. I strongly agree with you agreeing with me<g>. GAAP and software recognition is extremely muddy...No doubt MSTR was being aggressive but I do not believe they were not in acccordance with GAAP. The bottom line is the revenues and cash flow from these contracts are good, they just take a bit longer to recognize them, no big deal in my book. I am not familiar with MSTR at all. They came up in my radar after the massacre. I wish I had more time to do DD on them. But software revenue recognition isssues alone certainly do not justify such a massacre, so it is certainly bloody allright... So I am just watching at the sidelines right now...

To: JMD who wrote (518)	3/22/2000 9:13:00 PM
From: Greg Jung	Respond to of 717

JMD, you may be right to reserve judgement. However the hammer really hasn't come down in terms of this company's stock price. The run above 300 is probably, paradoxically, mostly due to the dubious financial practices, as they were recognized to be red flags causing the shorts to pile in. Then we had a few months of "buy this stock because shorts are on it!" mo-mo strategy. It got so out of hand but the funny thing is, I think the CEO Saylor really started to believe his stock was worth beyond $200, and he also believes that his company benefits directly by the ultra-high stock price. I think he should stick to running the business and let the stock price take care of itself, without a super bowl promotion, for example.