Sign In
Register
Help
Mr. Bill Squirts a Turd
Why Always When Market Closed?
Your Anals Fishmarket Wrap is loaded. Take a subscribatory and download RIGHT NOW!
15 Day Intro Subscribatory. Just $2.99! Get In RIGHT NOW!
Page 1 of 1
Mr. Bill Squirts a Turd
Why Always When Market Closed?
Rate Topic:
MultiQuote#2 Guest_yobob1_*
Posted 24 October 2003 - 05:19 AM
Oh No Mr. Bill!
Net income declined to $2.61 billion, or 24 cents a share, from $2.73 billion, or 25 cents, a year earlier, the Redmond, Washington-based company said in a statement.
Investment income surged to $763 million from $41 million as the equity market improved, Connors said.
2.73 billion minus .041 billion = 2.689 billion
2.61 billion minus .763 billion = 1.847 billion
2.689 billion minus 1.847 billion = .842 billion decline in income = 31.3% decline
Who's kidding who?
Net income declined to $2.61 billion, or 24 cents a share, from $2.73 billion, or 25 cents, a year earlier, the Redmond, Washington-based company said in a statement.
Investment income surged to $763 million from $41 million as the equity market improved, Connors said.
2.73 billion minus .041 billion = 2.689 billion
2.61 billion minus .763 billion = 1.847 billion
2.689 billion minus 1.847 billion = .842 billion decline in income = 31.3% decline
Who's kidding who?
#3
The brown one 
- Associate Professor of Stock Proctology
-
- Group: Members
- Posts: 4,509
- Joined: 14-June 02
Posted 24 October 2003 - 06:51 AM
Mr. Bill seems to be much more successful at creating paper wealth on the market and crap at core business,that he might do better starting his own paper pyramid house or hedge-fund rather than bother with software.
Wonder how much of the increase came from selling put options on his own stock?
Wonder how much of the increase came from selling put options on his own stock?
#4
- Group: Guests
Posted 24 October 2003 - 07:53 AM
yobob1, on Oct 24 2003, 05:19 AM, said:
Oh No Mr. Bill!
Net income declined to $2.61 billion, or 24 cents a share, from $2.73 billion, or 25 cents, a year earlier, the Redmond, Washington-based company said in a statement.
Investment income surged to $763 million from $41 million as the equity market improved, Connors said.
Net income declined to $2.61 billion, or 24 cents a share, from $2.73 billion, or 25 cents, a year earlier, the Redmond, Washington-based company said in a statement.
Investment income surged to $763 million from $41 million as the equity market improved, Connors said.
Bloomberg are a stingy lot who have sacked most of their best journos/analysts in pursuit of cost savings. Consequently they have muddled up the comparison basis and used an old number that did not include the expensing of stock based compensation.
However, it is certainly true that the nebulous area called investment income accounted for substantially all the net profit growth with core operating profits growing by less than 4% year-on-year. This is pathetic really, especially as they seem to have taken a huge chunk out of deferred income. Management are apparently blaming this on corporate customers being distracted by the MS Blaster worm thereby rendering them unable to sign up for new software licenses. Waaaaaahahahahahahaha.
#5
machinehead
- Dean of Stock Proctology
-
- Group: Members
- Posts: 13,180
- Joined: 08-June 01
Posted 24 October 2003 - 07:57 AM
The Japanese invented "financial profits on the side" during their great 1980s rally -- it's called zaiteku. (translation: financial engineering)
Funny, they never talk about zaiteku anymore ...
Funny, they never talk about zaiteku anymore ...
"GOLD -- it's not just for misers anymore."
"Dollahs -- fire-starters for the K-wave winter." - Drano
"Three humps and a dump." - anotherone, 21 SEP 2004
"No gold was harmed in the making of this movie." - Bizarro Greenspan
[i]"Da Track. Da place where Morons bet on Animals Controlled by Criminals." - our jickiss
"Dollahs -- fire-starters for the K-wave winter." - Drano
"Three humps and a dump." - anotherone, 21 SEP 2004
"No gold was harmed in the making of this movie." - Bizarro Greenspan
[i]"Da Track. Da place where Morons bet on Animals Controlled by Criminals." - our jickiss
Page 1 of 1
