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To: Bill Harmond who wrote (9743)4/10/1998 3:09:00 PM
From: yard_man  Read Replies (1) | Respond to of 27307
 
>>here are some pretty spectacular things going
on with the balance sheet. Deferred income doubled to $10 million. It's a little
Microsoft.<<

Impressive? Yes. Little MSFT? No way.

About 1.5 Million of the net was investment income. What does the deferred income consist of? What's the market cap, again?

Please compare MSFT's valuation in it's early stages to YHOO. This will give you a good idea of the future direction of the stock price later this year. This could only happen in the last stages of a mania like we are witnessing now. I know, it's different now!



To: Bill Harmond who wrote (9743)4/10/1998 3:39:00 PM
From: phbolton  Read Replies (1) | Respond to of 27307
 
William: I disagree. According to the 10K the securities are listed at fair market value not cost. I do not see any way you can get another $10 mil unless they are doing something wacky with sales and marketing.