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 : America On-Line: will it survive ...? -- Ignore unavailable to you. Want to Upgrade?

To: robert duke who wrote (11345)	9/30/1998 12:16:00 AM
From: Saban Kurucay	Read Replies (4) \| Respond to of 13594

A different kind of math here.. Awfully optimistic to assume a 300 PE well into 1999...Too rosy of a scenario..Here is some additional thinking on my behalf...The SEC did not buy into the research writeoff scenario for Mirabilis..Of the original 282 millions they could only write off about 60. The remaining 220 millions will reduce future earnings. If you assume these charges will be spread over 20 quarters or so, that would make about 10 million reduction in eearnings for each quarter.. Now please go and look how much money this company has been making...Considering the very low profit margins, this 10 million will effect the future performance greatly IMHO.... As always happy investing to everyone...