mornin jad, War Over The Horizon: Andreessen Vs. Buffett And The Battle For The Future Of Finance
from the seeking alpha story,
++ In reference to Warren Buffett, Andreessen recently said: "The historical track record of old white men #$%$ on new technology they don't understand is at, I think, 100%,"++
keep in mind when looking at IBM that the non-gaap purchase related adjustment and retirement related adjustments are done on a pretax basis. Only the after-tax (20%) effect is added back to non-gaap eps when in reality its the entire amount that is true cash flow. These adjustments can be fairly significant as last quarter they were about $325 million pretax.
Well, hc, I finally registered to read that and now I'm sorry I did. I'm curious, what new insights did YOU glean from that article?
By the way, I really, really don't like Bloomberg TV's new format (sorry Scarlet, I'll miss you the most). I watched CNBC the last couple of days and don't like it either. I guess I go back to watching CC B&W movies on TCM, ignoring incoming calls on my rotary telephone, and taking lots of naps instead.