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Re: Re: Re: [sharechat] Advantage Q1 Result

From:	"P Maiden" <pmaiden@xtra.co.nz>
Date:	Sun, 3 Dec 2000 10:30:26 +1300

Derek - read Brian Gaynor's good coverage of recent events in Saturdays Herald

http://www.nzherald.co.nz/storydisplay.cfm?storyID=162854&thesection=business&thesubsection=

Brian's view of the writedowns -

The first-quarter result included a profit of $2 million from the sale of CommSoft shares, but the next quarter will include writeoffs on FlyingPig and SupplyNet. These losses are expected to exceed $4 million.

............and amortisation ( a real cost to the business) the best part of $1M per quarter

............and a lot of software development costs ($4.6M as at June 2000) yet to be expensed.

Also Ceejay made a good point - Turnover is for Vanity, Profit is for Sanity !!

Peter

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