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To: Timesink
"So, who can decipher the real meaning of these fourth-quarter numbers?"

OK here's a short wrapup:

Salon lost $122,000 in cash, and only have $266,000 left in the bank.

The total amount of money owed to them went down by 9.5%

They owe creditors $3.45M, but have only about $2.00M in tanglible assets.

They lost a total of just under $1.5M in the last quarter.

They are doing such a lousy job at capitalism, that they lost money on every dollar of sales. To scale their operations, it costs them $122 each to make their products, but they can only sell their products for $102 each.

These liberals ARE PAYING NO TAXES EITHER.

6 posted on 12/28/2002 8:39:11 AM PST by HighWheeler
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To: HighWheeler
The biggest thing on the plus side for them is "Intangible Assets". What is that? Goodwill, intellectual capital, copyrights, etc.? If so, it amounts to near zero.
7 posted on 12/28/2002 8:21:43 PM PST by Mind-numbed Robot
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