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To: Bill Wexler who wrote (2340)11/3/1997 2:26:00 AM
From: Bill Harmond  Read Replies (1) | Respond to of 27307
 
Bill, the $21 million deficit is not "moving forward". It's Yahoo's accumulated deficit since it was founded. Yahoo is profitable from operations now. Get it?

Amgen had an accumulated deficit when it turned profitable, too. As a matter of fact, those deficits are an asset. They offset earnings for tax purposes.

Rear view mirror, Bill...