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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 226.97-0.2%11:12 AM EST

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To: GST who wrote (137950)1/26/2002 9:05:29 PM
From: Glenn D. Rudolph  Read Replies (1) of 164684
 
"Indeed, at the height of the dot-com bubble, S.E.C. investigators were said to be conducting regular searches of Web sites and message boards for the phrase "next Microsoft" in hopes of flushing out some of the worst scamsters.

Now, with tech stocks in the gutter and worries about accounting stinking up the air, we're seeing a sort of mirror image process at work, with short sellers and other tech stock critics quick to label companies they don't like -- you guessed it -- "the next Enron."

A recent search of the stock message boards at Yahoo! Finance and The Motley Fool turns up literally hundreds of messages accusing various companies, including many tech names, of being Enrons-in-waiting. Tech companies I've seen mentioned range from fallen momentum favorites like Commerce One and JDS Uniphase to tech "blue chips" like Intel, IBM and AOL (parent company of this Web site).

Heck, even Microsoft finds itself under the microscope. (Which raises an interesting question: If Microsoft is the next Enron, what happens to companies that are the next Microsoft?)
"

money.cnn.com
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