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Re: Alibaba100 post# 16127

Monday, 02/11/2008 10:47:03 AM

Monday, February 11, 2008 10:47:03 AM

Post# of 20076
Yes, Post #5824 references the PR of 11/10/06 that approximated income (before taxes) as $900,000.

Post 5824:
"Here’s the net income figures for the last 11 quarters (including the approximation for Q3 from Friday’s PR). It’s the graph that tells the story though.…

Net Income
2004 Q1 57,303
Q2 44,829
Q3 ( 37,926)
Q4 409,743
2005 Q1 999
Q2 71,199
Q3 ( 22,262)
Q4 (335,223)
2006 Q1 (107,685)
Q2 335,001
Q3 900,000"


And then the 10Q 10 days later:

Operating income (loss)
(689,699)


Income (loss) before income taxes (693,643)

Net income (loss) $ (875,053 )


That's why I say the 11/10/06 PR was false and misleading. The PR compared "income before taxes" to the previous year and approximated it as $900,000 and 10 days later it was a loss of almost ($700,000).

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