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To: Bill Harmond who wrote (18093)	9/23/1998 9:47:00 PM
From: OtherChap	Read Replies (1) \| Respond to of 164684

> No, you're just really terrible at interpreting earnings reports! :) William, even you can look at Yahoo's last quarterly report and see that they made several million dollars in interest income on their IPO warchest, while only managing a roughly 300,000 dollar profit. A half point drop in interest rates could very well put Yahoo back into the red, assuming their "investments" are conservative. Wait, that's not an assumption its a fact. You think Yahoo would invest ALL THEIR CASH in anything other than a guaranteed return vehicle? Somehow I doubt they are buying KTEL shares. :)