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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.04

-1.3%

Jan 2 9:30 AM EST

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To: Jacob Snyder who wrote (58668)	3/27/2002 11:11:21 PM
From: Joe S Pack	of 77400

It looks like you are almost right on the mark. Nothing much will come out of this corrupt system. Our chief miester Alan has already found lot of reform in place. This stock option scam may come to an end and will force corporations to innovate other creative financial engineering models. Alan also wants this scam be put to an end.I am not sure whether he is providing lip service to his pals up in the hill or he is sincere. Greenspan Sees Stronger Corporate Accounting story.nhttp://story.news.yahoo.com/news?tmpl=story&cid=530&u=/ap/20020326/ap_on_bi_ge/greenspan_45ews.yahoo.com/news?tmpl=story&cid=530&u=/ap/20020326/ap_on_bi_ge/greenspan_45 If that reform happens, it will take away one of the most important tools of the Creative Accountants. You can bet the Stock Salesmen (=company managements and banks/brokers) will fight it, with a flood of bribes (= campaign contributions) and lobbying. I'd give it less than 50:50 odds of happening. We need another Enron, to tip the balance in favor of reform. And, if the economy rebounds quickly, all the talk of reform will fade away, with no action taken. After LTCM failed, there was a flurry of talk about reforming hedge funds, but nothing came of it.

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