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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote ()3/21/2000 8:12:00 AM
From: kendall harmon  Read Replies (2) of 120523
 
Pressure to Perform

It is not only about accounting, this MSTR debacle, it is about the pressure to perform that these comapnies and their leaders feel

NBR excerpt:

<<SEC Chairman Arthur Levitt cracked down last year on how companies count their revenue, making changes in accounting practices more common. Telxon (TLXN), McKesson/HBOC (MCK) and Inso Corporation (INSO) all recently restated earnings. Accounting expert Jack Cieslelski says high tech executives feel pressured to show growth.

JACK CIESIELSKI, ACCOUNTING ANALYST, R.G. ASSOCIATES: Buyer beware, you know? There?s plenty incentive for management to plug something, like revenues and, you know, your pocket may get picked as well as being lined.>>
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