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 : Gateway (GTW) -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (6841)	10/27/1998 4:20:00 AM
From: Kory	Read Replies (1) \| Respond to of 8002

sb, I just lost a lot of respect for you. What an egotistical post. First you make these unsupported allegations again claiming that GTW was hiding expenses for 2 to 3 years?!? Then you claim they are possibly doing it again. Look at the cash flow, my friend. If GTW is "storing" all these expenses, how do they have inventory levels way down from last year (even after the write-down), along with over $1 billion in cash? From my experience, although it can (and is) done with inventory, it is pretty hard to overvalue cash. All of a sudden it seems to be in vogue for all the bears to claim that every company out there is cooking the books, and that all accountants are unethical. So much easier than acknowledging that valuation, whether it is stock prices or fixed assets or inventory, is complicated work. I do not dispute that intentional overstatement happens, but please have facts (which you have none) when you make such allegations. As for the pious, "I can admit when I'm wrong" statement, you seem to have adopted the James Cramer model. If the two of you quit making so many statements that you can't back up, you wouldn't have to admit it so often. Ah, but then you couldn't take the moral superiority position. Kory