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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: JHP who wrote (143451)	1/13/2002 12:15:11 PM
From: Lee Lichterman III	Read Replies (2) of 436258

I know the article you are talking about but I can't find it either. Basically, the accounting change is going to boost earnings big time via goodwill write off acceleration. I did however find the actual accounting change write up here....... aicpa.org The accounting change is also being included in a lot of individual company stock releases this quarter. I just read one telecom 10Q that admitted the change was going to boost their earnings next quarter from 15 cents to about 38 cents. WOW!!! I can see the idiots on CNBC now, earnings are doubling so these stocks deserve PE ratios of 987, Buy Buy Buy! Good Luck, Lee

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