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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: bill meehan who wrote (56768)	4/20/1999 6:46:00 PM
From: Michael Bakunin	Respond to of 132070

..but their 'unearned revenue' (read: honeypot) grew $600 million. I'm no fan of Microsoft's, but when their stock finally goes, it won't be because of anything reported on their income statement. At some point, either they lose their monopoly, or the market tires of paying up for an options-diluted bully boy. Soon, I hope. -mb

To: bill meehan who wrote (56768)	4/20/1999 6:49:00 PM
From: Cynic 2005	Read Replies (1) \| Respond to of 132070

Bill, I see some ~400 mil. What am I missing here? Microsoft Corporation Income Statements (In millions, except earnings per share) Three Months Ended Nine Months Ended Mar. 31 Mar. 31 1998 1999 1998 1999 Revenue $3,774 $4,331 $10,489 $13,222 Operating expenses: Cost of revenue 317 350 883 1,090 Research and development 597 611 1,791 1,889 Acquired in-process technology 0 0 296 0 Sales and marketing 829 996 2,493 2,766 General and administrative 104 144 305 392 Other expenses 60 1 181 60 Total operating expenses 1,907 2,102 5,949 6,197 Operating income 1,867 2,229 4,540 7,025 Investment income 190 720 489 1,318 Gain on sale 0 0 0 160 Income before income taxes 2,057 2,949 5,029 8,503 Provision for income taxes 720 1,032 1,896 2,920 Net income $1,337 $1,917 $ 3,133 $ 5,583 Earnings per share (A): Basic $ 0.27 $ 0.38 $ 0.64 $ 1.11 Diluted $ 0.25 $ 0.35 $ 0.59 $ 1.02

To: bill meehan who wrote (56768)	4/20/1999 7:06:00 PM
From: Cynic 2005	Read Replies (1) \| Respond to of 132070

Bill, Poor Michael Dell sold only about 17.3 mil shares up to 3/4/99! That is only about $710 mil, chump change for the billionaire! -g- insidertrader.com