To All, Take a look at www.computerwire.com...
...and todays story on Compaq, in 'Barbed Wire'. You may have to register for a trial subscription to access.
I'm not going to copy the text here, as they specifically state not to, plus its long, but the jist of the story is that, if you really look at the numbers, Compaq have manipulated them to mean whatever they want, and at the same time, set themselves up nicely for future increased earnings.
So, this may be good news (ie better earnings to come) or bad (analysts may see through the numbers) but it certainly shows that the numbers mean whatever the company wants them to mean, nothing more or less. And certainly dont reflect 'reality' (whatever that is).
Apologies if this is not news to the more financially astute amongst you, but it does spell the position out well.
FYI, I do actually own CPQ but I'm not sure if I'll hang on for longer than end of this year.
JoeC |
