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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: stockman_scott who wrote (47263)	1/30/2002 5:18:54 PM
From: Jim Willie CB	Read Replies (3) of 65232

accounting is shorterm bad news, longterm excellent news amazing how Cisco has eluded the sharp knife of the media and financial hounds over accounting chicanery shorterm the obvious implication is doubt and suspicion of earnings quality in many cases such is deserved longterm though, very different story we have a giant opportunity now to do some cleaning up of accounting practices, which might engender more trust in the numbers unless GAAP practices are reformed, unless conflict of interest in accounting / auditing is reformed, unless offshore banking secrecy in balance sheets is reformed, it will be a lost opp / jw

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