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Technology Stocks : WCOM -- Ignore unavailable to you. Want to Upgrade?

To: Rob S. who wrote (9109)	2/5/2002 5:26:35 PM
From: Oeconomicus	Read Replies (2) \| Respond to of 11568

...recent analysis from an MSNBC columnist that portrayed WCOM as never yet having made a profit once investments gains are taken out? Hmm. I didn't see that "analysis", but I did look at the 2000 year-end financials. Footnote #1 details realized and unrealized gains on investments from 1998-2000. I can't yet tell where the the realized gains hit the P&L, but net realized gains in 1999 and 2000 (the two years where it was significant) totaled $343 million and $618 million, respectively. Operating income those two years came to $7.9 billion and $8.2 billion, respectively. Unrealized gains do not hit the P&L. So, my own analysis says either you misunderstood him/her or the MSNBC columnist didn't know what he/she was talking about. From listening to various talking heads over the last week, I'd guess the latter is certainly the case, whether you understood them or not. Bob PS: They were probably just repeating something they read on a stock message board. ;-)