Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : General Magic -- Ignore unavailable to you. Want to Upgrade?

To: hoffy who wrote (2996)	7/29/1998 8:27:00 PM
From: Ray Rueb	Read Replies (3) \| Respond to of 10081

Other good accounting news... I forgot to mention one rule of public corporation accounting I learned while in college: When you are going to have a negative quarter, make it as big as possible; ie: flush all the garbage off the books. That way the next quarter will be as positive as possible. I believe GMGC is doing this since they don't need expenses in future quarters to offset revenues for tax purposes. As we all remember, GMGC has approx $200 million in R&D in past quarters without any revenues. Now, I know GAAP rules dictate that expenses are to be taken at the same time as the generated revenues, (but corporate accounting is so fuzzy), I would use the "buried" R&D in future quarters as revenue rains in from Portico.