To: Thomas George Warner who wrote (4172 ) 7/7/1998 12:03:00 PM From: BigRedMan Respond to of 8879
T.G.W., you said. >>I think you answered your own question "Why not any of the literally hundreds of other BB rip-offs out there" Since you used the word "other" you must have concluded that GLOW is a rip-off. T.G.W., are you familiar with the term, 'sarcasm'? Merriam-Webster defines it as follows.sarúcasm Pronunciation: 's„r-"ka-z&m Function: noun Etymology: French or Late Latin; French sarcasme , from Late Latin sarcasmos , from Greek sarkasmos , from sarkazein to tear flesh, bite the lips in rage, sneer, from sark-, sarx flesh; probably akin to Avestan thwar&s- to cut Date: 1550 1 : a sharp and often satirical or ironic utterance designed to cut or give pain <tired of continual sarcasms>2 a : a mode of satirical wit depending for its effect on bitter, caustic, and often ironic language that is usually directed against an individual b : the use or language of sarcasm <this is no time to indulge in sarcasm> synonym see WIT I use sarcasm frequently in my posts to add some biting wit. I find it adds levity to what some feel is an otherwise tense situation. Let's see if you can spot the sarcasm in the next sentence. "T.G.W., you are without question one of the most knowledgeable investors I have ever had the pleasure of corresponding with!" >>As for your arguement for net revenues the IRS would have a serious problem with your reasoning. What does the IRS have to do with financial reporting?!?!? IRS is a taxing entity! They don't give a rodent's derriere what you report for financial purposes!!! (My sarcastic remark above has been elevated from mildly humorous to downright gut-splitting hilarious!) For those that are unaware, the IRS is concerned with tax reporting. The SEC and accounting oversight boards (primarily FASB) are concerned with financial reporting. Frequently, there is a significant difference between tax results and financial results because of such things as timing of revenue/expense recognition, depreciation/amortization methods, loss recognition, etc. Tax accounting and financial accounting are two completely separate disciplines. I'm surprised that someone who purports to be an "expert" investor is so ignorant of such a basic concept! I apologize to all for digressing from the topic of this thread. I just couldn't help myself! Shortly, I plan to resume my lurking ways. T.G.W., good luck on your other investments! Copen Taco, GO BIG RED!