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To: Les H who wrote (57205)	7/27/2000 8:16:25 AM
From: Les H	Respond to of 99985

FASB Task Force Rules on Revenue From Web Ad Swapping New York (Jan. 27, 2000) -- A Financial Accounting Standards Board task force has reportedly issued a rule intended to end accounting abuses involving Internet companies that increasing their revenues by swapping advertising with other Web sites. Due to concerns that overstated revenues from these deals pump up companies' stocks, FASB's Emerging Issues Task Force ruled that companies can continue to book revenue they receive from bartered advertising, with a caveat, according to a report by The Wall Street Journal. Firms can only include such revenues if they have a history of receiving cash for similar advertising transactions, and if those deals didn't occur more than six months prior to when the barter actually occurred, said FASB research director Tim Lucas. While Internet ad swapping is a common among dot.com companies, to book barter transactions, the companies then typically record offsetting revenue and expense amounts for the exchanges. Regulators feared firms would overstate revenues, since Internet companies are now routinely valued on their revenues, and most generate losses, the article said. The rule could prevent firms from grossing up revenues since they'll have to shell out cash in order for the amounts to pass muster, said one industry analyst. -- Electronic Accountant Newswire staff

To: Les H who wrote (57205)	7/27/2000 8:18:25 AM
From: Les H	Read Replies (1) \| Respond to of 99985

FASB Vies To Change Shipping And Handling Reporting Norwalk, CT--A recommendation from the Emerging Issues Task Force of the Financial Accounting Standards Board (FASB) could eventually change the way Wall Street investors evaluate catalog companies and Internet retailers. The FASB, a private nonprofit organization that establishes standards for financial accounting and reporting that are often backed by the Securities and Exchange Commission, met in late July to suggest changing several accounting issues among public companies. One recommendation is that such shipping and handling charges be classified as part of the costs of goods sold. It's unclear when the recommendations might affect catalogers, if at all. According to the FASB, some public companies often don't provide separate disclosure of shipping revenue and costs, making it difficult for analysts and investors to figure out exactly how much they are spending or possibly making on shipping and handling.

To: Les H who wrote (57205)	7/28/2000 8:36:10 AM
From: Les H	Read Replies (1) \| Respond to of 99985

Updated breadth for market: (4123 stocks) Percentage of stocks above 10-day MA 29 percent 21-day MA 36 percent 50-day MA 46 percent 200-day MA 44 percent 20-day highs vs. lows 232 to 908 40-day highs vs. lows 183 to 539 1-year highs vs. lows 89 to 196 AIQ market logs WAL US All stocks 32-68 78-22 78 percent buy signals S&P 100 31-69 43-57 43 percent buy signals Nasdaq 100 13-87 83-17 83 percent buy signals WAL = signals confirmed by price phase US = unconfirmed signals