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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: UFGator93 who wrote (70940)	5/3/2001 12:05:21 AM
From: Jay Fisk	Respond to of 122087

... about that $78 million revenue figure... Total mystery. Doesn't compute. Maybe they book the full $349 and offset it intra-company later. I was involved with a Fortune 100 "top company" as a buyer a few years ago... the CFO had a scheme to sell everything thru the registers at retail with an trailing offset discount to actual price paid... along with some magic accounting that made the numbers look outstanding (for a few quarters anyway). He ran Crazy Eddie's later in his career. Total scamster. Scheme sounds familiar.

To: UFGator93 who wrote (70940)	5/3/2001 1:00:13 PM
From: the hube	Read Replies (1) \| Respond to of 122087

any word on how they came up with that $78 million revenue figure for last quarter's subscriptions? What I want to know is how much came from Cendant. Here's my scenario--CD knows it has to spend say $150 million minimum to keep Move afloat (maybe they guaranteed leases or something). They probably want to have a web site for their agents anyway. Instead of just dropping the $ in as equity, they do a deal. They let HOMS acquire Move (with zero cash in it) for stock, and sign a subscription for $100 million. They have reduced their cash outlay by $50 million, HOMS gets to book $100 million of revenue, and if HOMS stock holds up, CD can sell and recover their $. Just one skeptics guess.