Atomic Bob's Stock Forum - The Golden Thread

>>
But it sure is nice to know that analysts kept touting the acquisition, the management team, and the shares until the last moment.
>>

Anybody besides me remember Enron?
'ANALysts hyping it till just befre it went bankrupt.
Zim.

And :
>>>
The maker of Norton anti-virus software reported revenues that were up 10%, gross profits rose, and the net loss dropped to $35 million compared to $143 million in Q4 last year.
>>>

Could somebody please explain to me how a company can
have 'gross profits' and net losses at the same time?

Zim.

In the meantime . . .

>>

Symantec Corporation (SYMC)
http://finance.yahoo.com/quote/SYMC/balance-sheet?p=SYMC

The income sheet says they lost money last year.
And the retained earnings is negative the last three
years in a row . . . Getting worse each year.

(Looks like the 'Clinton Surplus' . . . sham profits
and growing deficits.)
Zim.

Mad Poet Strikes Again.

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