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

To: Bill Harmond who wrote (9838)	4/12/1998 5:25:00 PM
From: StaggerLee	Read Replies (2) \| Respond to of 27307

My God. William, you can't just go around accruing expenses for no reason, and you can't arbitrarily defer revenues. There's a thing called GAAP. You know this as well as anyone (I think). The deferred revenue is simply a result of the timing of cash receipts from customers. They probably collect in advance. It's no big deal. The accrued expenses could be anything, but it's not just a reserve. GAAP doesn't permit the recording of general reserves. Come on.

To: Bill Harmond who wrote (9838)	4/12/1998 6:51:00 PM
From: satish kamat	Respond to of 27307

>>That's part of this quarter's cash flow you seem to want to ignore...and assign to other than operating results.<< William: In following high growth companies, I have not seen deferred revenues. Many companies will book their revenues late to transfer it to next quarters. This is the first company whose customers give them cash equivalents, forcing them to make entry on their balance sheet. I do believe that YHOO has a very bright future. I am just not sure whether they have a franchise worth $62 billion. Here is where I get lost: YHOOs revenues are still very small, barely 30MM/q. Why do such a small company needs to hide its revenues/cash flow? Then again, its a new era! satish kamat