Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: TGPTNDR who wrote (146907)	5/6/2002 12:19:28 PM
From: ptanner	Read Replies (2) of 1573554

re: "PRGN down another 50% this morning as CEO and CFO quit." I was planning to buy a speculative position this morning. Fortunately, I am on the west coast and not an early riser. I may still buy some but not as many $$$ and with a little longer time frame. WRT the revenue accounting - could it be the revenue was booked too early (for contracts or delivery in progress) or that it was not revenue at all? Besides the important credibility issue, this change in revenue reporting for past quarters would seem to be of small importance for its forward earnings potential. Anderson sure seems to have been involved with a lot of companies with problems in their accounting. I am seriously considering that accounting in general may not be all that it should. -PT

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