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To: Claude who wrote (119464)4/20/1999 9:46:00 PM
From: jim kelley  Read Replies (1) | Respond to of 176387
 
Re: MSFT investment income

I would not worry about the 720 M remember they have another 400M income deferred till next quarter. They are trying not to show income this quarter.

JK



To: Claude who wrote (119464)4/20/1999 9:59:00 PM
From: Chuzzlewit  Respond to of 176387
 
Claude, investment income is included in earnings provided that it in stocks and derivatives of other (non-MSFT) companies. I would need to look at the report to see what is going on.

Here is a link to a site in which Edwarda and I propose to debate the issue of stock options --- that is if she ever shows up.

exchange2000.com

TTFN,
CTC



To: Claude who wrote (119464)4/20/1999 10:39:00 PM
From: Chuzzlewit  Read Replies (2) | Respond to of 176387
 
Claude, I calculate about $.10 per share basic (back of the envelope calculation) is due to investment income. I have long been critical of MSFT's huge cash horde. I think it either needs to be deployed into useful profit-generating assets or returned to s/h.

TTFN,
CTC




To: Claude who wrote (119464)4/21/1999 10:45:00 AM
From: Marq Spencer  Read Replies (1) | Respond to of 176387
 
Claude,
I don't know where the 720 MM number is from. The actual number is $320 MM. Also, they deferred $400 MM, which if they hadn't, would have increased their eps by at least 5 cents (35% taxes, costs have already been incurred).

- Marq.