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Technology Stocks : Western Digital (WDC)
WDC 270.16+7.9%Feb 2 3:59 PM EST
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To: Jonathan Bird who wrote (8565)1/29/1998 11:39:00 PM
From: William L. Vu  Read Replies (1) of 11057
 
I agree. My CPA friend said that some creativity can change a $.50 loss and a $100M charge into $.03 gain and $148M charge. It's all
depend on which column the charge appear. He said it's much better to look at the cash flow. It's much harder to hide there. But you are right; the bottom line is that they still lost much more than they 'secondly thought'. THe actual loss is $148M versus the revised estimate of $100M loss.
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