Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: TimF who wrote (142904)	2/25/2002 1:47:02 AM
From: Mani1	Read Replies (2) of 1576861

Tim, I strongly disagree with the article. I believe that Enron situation is a crime and collusion of historic proportion. One of the biggest companies in the world and darling of wall street was created on fraud and fictitious circumstances. Enron was a highly a visible public company that fraud and fooled investors, politicians and analysts. Worse yet, a big five accounting firm supported and helped to hide their crimes. All this happened under the watchful eyes of SEC and it came crashing down in matter of few months. I think it is highly irresponsible of the article to down play an action that undermines the financial stability of all public companies and thus our economy. For any company, its owners need to know if the company is fictitious or real. Till now we thought a big accounting firm and SEC keeps them honest, Enron proved that is far from the truth. Are GE, Tyco and QCOM real companies? Will they be bankrupt by summer time? These questions were ridiculous 6 months ago but Enron debacle made these questions valid. Very scary! Mani

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