Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Harmond who wrote (137967)	1/27/2002 2:36:32 AM
From: GST	Respond to of 164684

There is lots of room for fudging within GAAP. Pro forma just opens the door to much bigger fudging.

To: Bill Harmond who wrote (137967)	1/27/2002 4:34:50 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 164684

Silicon Graphics had worse pro-forma numbers than Gaap. It was a real twist-of-fate, the bears on that thread pointing out the issues with the GAAP numbers and how pro-forma reflected the "real" results haha! I agree companies should continue to report both. There is need for the proforma results. Maybe a few restrictions on the type of "onetime" charges would be my only critique. Pre-ipo software companies use GAAP to their advantage too - they recognize revenue so conservatively that by the time they IPO revenue is coming in from years prior. It pumps up the numbers, no doubt about it and it is GAAP. L