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Strategies & Market Trends : Take the Money and Run

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To: Original Mad Dog who wrote (6973)	7/2/2002 9:16:24 AM
From: Rainy_Day_Woman	Read Replies (1) of 17639

today's accounting fraud star is Vivendi giving us also today's resigning CEO star, Messier The allegation of accounting irregularities followed news that credit rating agency Moody's had downgraded the media company's debt to junk status. This preceded a report in the French newspaper Le Figaro that chief executive Jean-Marie Messier said he was resigning. See more on Vivendi Markets were already deep in the red when the story over improper accounting surfaced, given a late sell-off on the US Nasdaq that left the technology index at a 5 year low. In Europee, financials, drugs and telecoms all declined. biz.yahoo.com

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