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To: Judy who wrote (11446)	7/8/1998 6:29:00 PM
From: epicure	Respond to of 42787

They had a net loss, a really big one. Isn't that what the article was referring to? The "profit" is only before charges- and the charges were BIG. This post explains it better than I could: re: YAHOO! Q2 NET LOSS 81 CENTS VS LOSS 50 CENTS YEAR-AGO ... Comment ?? See, If we counted money the old fashon way, then Yahoo would have actualy lost money in the quarter. 81 cents a share. But since we don't care about the parts of their business that used cash, we can ignore all the parts we don't like. That means they made 15 cents excluding charges. Make no mistake, the company lost money during the quarter. But since no one wants to look at the uses of cash they made money. See if you took all of yhoo and the businesses they bought, and pretended that they were all one unit at the begining of the quarter, and all of the bad parts or rather non cash generating parts of the company they bought did not ever exist, but the good parts and the revenue generating parts of the company they bought were in place, then they would have made money. If they had not made the aquisition, then the 15 cent number would probably be lower. So buying a company and taking a charge is great, You can charge of a few things of your own that you don't want, and just count the good stuff from both companies. either way, Looks like the stock will have a gap up in the AM.