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To: MythMan who wrote (6690)9/22/1998 11:15:00 AM
From: Joseph G.  Read Replies (1) | Respond to of 86076
 
nah - they back out acquisition costs.
It's like I buy a house for 100k, and rent it for net 5k/year - and say 5k is free money on nothing. Got to count cost of doing business too ...

If anything, the accounting scam they play makes P/e = 75 not real - they got no free cash flow ... most money they make comes from employee option exercise - nearly pure pyramid scheme.