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GoTo 4th QTR results
drum roll, please........
rcjordan




msg:814200
 9:28 pm on Feb 13, 2001 (gmt 0)

Careful where you step, GoTo's spinmiesters are laying it on. Personally, I don't see any good news here. Maybe I should call Bezos and have him read Amazon Accounting 101 to me.

GoTo Reports Rapid Growth in Fourth Quarter and Year End Results
[biz.yahoo.com]

"GoTo reported a fourth quarter 2000 net loss, excluding acquisition-related charges and the impairment of acquisition-related goodwill and intangible assets, of $16.8 million, ...compared to a net loss of $7.2 million... in the fourth quarter of 1999.

At the end of the fourth quarter of 2000, GoTo's unrestricted cash and liquid investment position was approximately $55.0 million..."

Note to self: Watch your GoTo account closely along about July. Do not deposit any large sums.

 

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