Coming Financial Collapse Moderated Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Coming Financial Collapse Moderated

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Plaything who wrote (861)	6/26/2002 1:31:36 PM
From: The Duke of URL©	Read Replies (2) of 974

Imagine what will happen if one bigname tech company like IBM, AOL, CSCO, or QLGC should be exposed to some kind of similar accounting fraud or insider trading?!!!! This sector was the most hyped and overbought, and there is no way that some of them (if not most!) did not use shady accounting scams to pump up imaginary earnings. Let me save you the trouble: WCOM capitalized their new network. That is not illegal. See for instance, 446 et sec of the Internal Revenue Code. But even if you want to argue, its disclosed on the balance sheet. AOL has been capitalizing "new user" ads for 5 years. Remember all those disks you get in the mail, any accountant would know that they are not on aol balance sheet (or rather, income statement) CSCO has already expensed this. IF you follow then you may remember the 38 BILLION friggin dollars they wrote off two quarters ago. IBM has been doing the accounting hoohah since lew getsner came on in what 1987. But when you do it this long it all balances out. THERE IS A BIG DIFFERENCE BETWEEN THIS AND CICICORP LENDING ENRON 12 BILLION DOLLARS OFF BALANCE SHEET.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next