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Technology Stocks : WCOM
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To: Jim McMannis who wrote (10795)6/25/2002 7:19:48 PM
From: tejek  Read Replies (1) of 11568
 
Flash...CNBC reporting enormous fraud at WorldCom. Like $3.6 billion overstatement. Transfering ordinary costs as capital expentiture. Over last 5 quarters.
Margins listed at 43% are a fiction.

Arthur Anderson was the auditor...

Thanks for the info. I feel less and less sorry for A. Anderson's demise. They are getting everything they deserve. I think it may be time to get out of stocks completely.

ted
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