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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: reaper who wrote (176304)6/28/2002 11:45:12 PM
From: Greg Jung  Read Replies (1) of 436258
 
Reaper I will dissent from the chorus and say GFY
for claiming that cash flow is simple to see drainage.
Look at Wcom cash flow sheet

biz.yahoo.com

cash flow from operations forpast four quarters reads
just under$2b, then there are numbers in all sorts of categories, all over the map.

Bottom line is, you can't tell shit from the bottom lines,
most investors have to rely on "the profession" that the
financials at least correspond to the market value.

So WCOM is the big baddy lately only because they didn't
properly hide 3.5 billion, they didn't complete step 2 in
proper fashion. The only remarkable thing about it is that
is was labelled as "error" or "improper" as it was announced. The next day Motorola wrote off a similar large sum and laid off 7,000 employees. We also have the options grant/ buyback scam that has put IBM into debt over $20b, kept value from the shares of microsoft, etc.
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