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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad

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To: Shack who wrote (1934)4/6/2001 4:10:15 PM
From: Dexter Lives On  Read Replies (2) of 5144
 
Thanks for the real scoop Shack. Way more informative than that hack piece from Yahoo.

It's just mind-boggling the sloppy financial practices some of these techs. have been engaging in. Do these companies have CFO's? Are they former finance ministers from Japan? Did they not realize the tech. investments on their books are/were highly correlated with their own intrinsic value and that valuation compression would likely come in tandem?

The bigger problem is that most of MOT's peers are likely doing the same thing, to varying extents. No wonder NT can barely hold $20. Who's going to come to the rescue here? GE? It's hard to believe how vulnerable these companies have left themselves...

Rob
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