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Technology Stocks : Dell Technologies Inc.

DELL 145.95

-2.1%

9:47 AM EST

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To: D.J.Smyth who wrote (170364)	7/23/2002 6:37:03 PM
From: stockman_scott	of 176387

Halliburton Preparing for 'Confesssion Day' & Harken's Very Strange Family Tree thedailyenron.com <<...Halliburton is only now accounting for trouble that began under Cheney's watch. Besides changing the company's longstanding accounting practices, Cheney also pushed to acquire Dresser Industries, a purchase opposed by many Halliburton shareholders. When Halliburton acquired Dresser Industries, it also acquired liability for over 300,000 asbestos-related health claims, which continue to be a significant drag on the company. At the time of the acquisition, Cheney lauded the purchase calling it "one of the most satisfying accomplishments" of his career. Cheney also pushed the company to enter risky offshore drilling construction businesses that provided the company with cost-overrun opportunities - cost-overruns that could be booked as income. But, as Halliburton customers balked at the company's mounting cost-overruns, they began to insist on fixed cost contracts. On Monday, Halliburton announced that its KBR unit would no longer pursue fixed-price offshore contracts. Once anxious to flaunt his days at Halliburton, Vice President Cheney now refuses to discuss it, citing ongoing investigations...>>

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