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No shock that profits are failing when they are investing heavily

I'm not an accountant but they should be able to capitalize expenses incurred when it's an investment, ie, since it's not really a normal expense profit should not be affected.

I'm not sure how that works with R&D engineering salaries - that might impact their profits even if it's an investment.

I feel like a large technology company should spend a large but consistent amount of money on R&D - I don't like wild swings either way.

Also not an accountant, but i believe you two are talking differently about gaap and nongaap profit. The latter can immediately write of R&D, where as GAAP has rules around deprecation of investments.

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