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 : BEA Systems (BEAS) - Undiscovered Growth Stock -- Ignore unavailable to you. Want to Upgrade?

To: GW who wrote (557)	8/19/1998 8:32:00 PM
From: David Miller	Read Replies (2) \| Respond to of 2477

They have great product and management. I'd say they have a fabulous CFO, and a PR department with more spin than a roulette wheel. How can they get away with the headline "$0.07 income per share", when the number in the press release clearly state "$0.57 loss per share". I know, they have hedged the $0.07 around with "adjusted to exclude acquisition related expenses" etc. etc., but there are $38.3m of those, and only $44.6m of "ordinary" costs. The company stayed afloat this quarter by going to the market for cash - the convertible notes go into non-current liabilities, the cash goes into current assets - giving at least an appearance of stability. It may be coincidence, but the net stockholders' equity at $52m is remarkably close to the venture capitalist $51m that WP put in in the first instance. The only difference seems to be that they have ramped this into a market cap of $1.4bn. david