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

To: StaggerLee who wrote (9839)	4/12/1998 6:25:00 PM
From: Zebra 365	Read Replies (1) \| Respond to of 27307

Sorry William, I have to go with StaggerLee here. I just downloaded the balance sheet and revenue statement because your comments just didn't make sense according to GAAP. Deferred revenue is a liability. Probably like an airline, they collect ticket revenue in advance and have to book as a liability, service not yet rendered. Otherwise the balance sheet wouldn't balance and they would pay tax on profit that wasn't real. I see a rise in current liabilities of about 10 million dollars. I also see that they sold $4,624,000 worth of common stock, those two items alone account for 14 million dollars of that 17 million dollars in cash increase that you were so pleased with. BTW the after-tax income went straight to where it should, the accumulated deficit decreased by exactly $4,285,000. And speaking of all that cash, where are they parking it? Starting with the cash from last quarter and assuming no income on new cash I see they made 1.35% interest for the quarter, 5.4% annualized (OK 5.8% with compounding) The bottom line of the company is it's ability to contribute to new equity without diluting the stock. When 1/4 of your new cash comes from selling common stock, that is not a plus for the other investors. If they have all that cash, why did their unpaid expenses rise by 5 million dollars? There are lots of ways to increase cash on your balance sheet, making profits is just one of them. (and the only one that really benefits the shareholders) YHOO made $0.08 per share after tax, there are no other hidden gold mines in the financials. I also feel that sales and marketing should be included in "cost of sales" as these are variable expenses that are use to generate the value that YHOO charges for. I note that these expenses have more than doubled from a year ago. Zebra