Moufassa's Lair Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Moufassa's Lair

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: moufassa7 who wrote (4996)	2/15/2002 8:40:10 AM
From: KevinThompson	Read Replies (1) of 13660

Wouldn't you know it. Pro-forma "accounting" practices are routinely used to show better than reality losses. Now we see that IBM didn't disclose a one-time gain in order to puff up their earnings. Tricky tricky... IBM used one-time gain to lower operating expenses: NYT (107.89) When IBM announced in mid-Jan that it had beat Street forecasts in Q4, it did not disclose that the sale of an optical biz to JDSU had generated $300 mln that the co used to lower its operating costs, according to the New York Times. The company did not provide details of the transaction to investors or account for it as a one-time gain, as is the practice.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next