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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 148.32-3.3%Nov 14 9:30 AM EST
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To: willcousa who wrote (10271)3/6/2002 12:03:01 PM
From: Ian@SI  Read Replies (1) of 10921
 
Wil,

From the testimony, I had the impression that Skilling was in the direct chain of command during the crucial events leading to Enron's inevitable bankruptcy. I think it's equally plausible that the Officers saw bankruptcy on the horizon, or at least, deteriorating performance. ... and that they came up with a scheme to make themselves filthy rich and get away with it.

I still think that several of them will do jail time, including Skilling. He strikes me as someone with a much sharper memory for the events than his testimony has shown thus far. If Watkins testimony is to be believed, then Skilling's reputation within ENRNQ (formerly ENE) stunk. Neither Ethics nor Integrity were cherished values.

And I believe that existing law compels anyone with knowledge of accounting fraud to report that to the SEC. On that count, Watkins may well be at risk of being charged.

FWIW,
Ian
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