Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: ptanner who wrote (146928)	5/8/2002 5:47:45 AM
From: TGPTNDR	Read Replies (3) of 1573435

PT, Re: <I am seriously considering that accounting in general may not be all that it should.> It's the DISCLOSURE in general issue that bothers me. The accounting is just one part of the problem. "Enron filed the biggest U.S. bankruptcy five months ago, in part because triggers in trade agreements required it to repay $3.9 billion once its ratings were cut to junk. Many of those clauses couldn't be found in public documents." quote.bloomberg.com It's really hard(sometimes impossible) to dig out the info on these agreements. How much is PRGN worth? Total value today, based on last night's close, $162M. About 1Q of revenue. Book value ~$1.6B. Last June PRGN bought Remedy for ~$1B. And I'm not willing to pay $0.80 for $8.00 in accounting money! How times change! tgptndr

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