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Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: Michael Collings who wrote (9457)	4/8/1998 8:35:00 PM
From: OtherChap	Read Replies (2) \| Respond to of 27307

It's all creative accounting. The fact that Yahoo made over 60% of their per share income from their investments in the stock market with their IPO slush fund just proves that this company is a HOLDING COMPANY, or a MUTUAL FUND, or however you want to put it. The fact that they sell advertising has little or no impact on their earnings. They make their earnings by buying companies that have existing earnings, paying for it with stock (printing money), and then they put all the expenses into the "one time charge" column so they can use the good (other companies revenue) and ignore the bad (the fact that they spent tons of equity to buy that company) I'm still confident of my short position. I deposited a little more cash today to make sure I wont get a margin call if it goes above 115.

To: Michael Collings who wrote (9457)	4/8/1998 8:51:00 PM
From: Oeconomicus	Read Replies (2) \| Respond to of 27307

MC, not much in the balance sheet jumps out at me. On the asset side, A/R is up in line with revenues (though 39 DSO seems high - is that typical for a media biz?) and, unlike last Q, there's not a big increase in prepaids and other assets that could be hiding expenses (not accusing them of anything last Q either, big brother/corporate counsel dudes). As for liabilities, I'm not worried about the accrued expenses because they would have hit the P&L (but not the check book). I'm sure you are correct about the deferred revenue. Overall, a clean though small balance sheet. Believe me, I wish there was something odoriferous about it. Regards, Bob