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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (74828)1/30/2000 3:03:00 PM
From: Logain Ablar  Read Replies (2) of 132070
 
Mike:

There you go again. Picking on Abbey Joe. Not only do you want earnings but you also want revenue growth. Geeze your a hard guy to please <gg>.

IBM doens't need revenue growth. You know IBM will pump up the fast growing side and will just have a write off for the slow growing (notice I didn't say decreasing revenues) business and report that charge as a one time item.

Have we had enough one time items at big blue to start using our toes yet?

Just wanted to have some fun on a booring work weekend.

Hope all is well.

Tim

PS - Audit skills have dropped a lot over the years. As an ex auditor I can't see how a massive fraud like what you mentioned @ the Manhattan Inv Fund was missed. Even a fresh graduate with minor supervision should be able to verify / confirm assets. I'd bet someone was in collusion on this one.
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