Clown-Free Zone... sorry, no clowns allowed Message Board

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

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To: patron_anejo_por_favor who wrote (145977)	1/24/2002 6:58:19 PM
From: KeepItSimple	Read Replies (1) of 436258

Yes now that every company realizes they can always beat pro-forma estimates by one penny, 100% of companies on the nasdaq are now reporting pro-forma as their headline number. In fact, First Call does not even issue GAAP estimates anymore for most companies. This quarter marks the turning point where basically everyone has switched to pro-forma in order to beat estimates. I am still in a state of shock that they are willing to pull this kind of crap with enron collapsing like a neutron star daily on CNBC- but apparently executives at money losing corporations literally have no ethics whatsoever- except for "Let's get away with whatever is humanly possible" ------------------------------------- :27pm 01/24/02 [PMCS] PMC-SIERRA Q4 PRO FORMA LOSS 15 CENTS VS EARNS 34 CENTS Needless to say (and I knew this even before bothering to look it up), estimates were for a 0.16 loss....AMAZING how these guys always nail it to the penny! biz.yahoo.com

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