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Technology Stocks : SkyMall (SKYM) -- Ignore unavailable to you. Want to Upgrade?

To: Sir Auric Goldfinger who wrote (759)	12/31/1998 1:34:00 PM
From: May Tran	Read Replies (1) \| Respond to of 987

READ MY MATH ANALYSIS: SKYM CEO DID NOT MAKE ANY PROFITS, BUT ONLY INCREASED STAKE IN COMPANY Assume: 1) Cost of 637,000 shares sold at $35 on Monday is .01; thus, profit from sales would be almost $23 million 2) CEO then purchases 518,000 shares for $6.75; thus, his cost is $3.5 million 3) CEO then purchases 2.4 million shares at $7.35; thus, his cost is $17.64 million 4) $3.5 million + $17.64 million = $21.14 million in total purchases 5) Assume CEO never paid any taxes on his 637,000 shares sold at $35 6) $23 million - $21.14 million = $1.6 million in profit (if cost of original 637,000 shares was actually $0.01 and no taxes were paid) 7) CEO does not make any money except that he increases his stake in his profitable and growing company May