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Strategies & Market Trends : Guidance and Visibility

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Dec 31 3:59 PM EST

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To: 2MAR$ who wrote (59162)	7/2/2002 10:18:30 AM
From: Dave Gore	Read Replies (1) of 208838

Will Better Earnings Trump Accounting Fears? This typifies the real concern for me. Better earnings will coming in for most companies this quarter or next, but will people trust them and what has gone on in past years? Will be there be a rash of restatements covering the last 1-5 years? No one can talk accurately about a bottom until there is a feeling that most all restatements are out and skeletons have been brought out of the closet...and until clearer and more accurate accounting standards have been established and are being followed. If corporations were smart, they would fess up en masse now. If regulatory bodies were smart, they would impose new accounting standards now. That's the only alternative left and it's the right one. This ain't gonna blow over. Too late for that. Meanwhile, Halliburton and VP Cheney may be the next HUGE shoe to drop. There are charges that HAL may have overstated earnings to the tune of $4B+, while he was at the helm.

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