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Strategies & Market Trends : YEEHAW CANDIDATES

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To: Ditchdigger who wrote (1115)1/21/2003 7:58:00 AM
From: Sergio H  Read Replies (2) of 23958
 
Good morning Ditch. I noticed both of your stocks have been moving up strongly.

I was thinking of sending you via PM Barron's cover article, as its related to a theme that you have mentioned a few times. Kookoo Max posted the article on his thread:
Message 18468647

Also good morning to Ken W. and an article for him:

<Pro-Forma No More
Fans of pro-forma earnings reports -- those lewd measures that find profits in places shunned by Generally Accepted Accounting Principles -- have about 30 days to say goodbye. That will be the effective date of new rules voted Wednesday by the Securities and Exchange Commission, to implement the Sarbanes-Oxley Act mandate of preventing all future corporate scandals.

Tech companies were the most fervid users of pro-forma profit numbers, which often ignored non-cash charges and capriciously classified project failures as one-time events. And in the last month, tech firms like Intel did their best to persuade the SEC to abandon the "Con" side of the pro-forma debate. "Non-GAAP EPS measures are routinely used by analysts and investors," argued Intel Controller Barbara C. Canup, in a Dec. 13 letter. "This effectively puts limits on a company's ability to discuss what they think is important and to discuss the measures that management uses to assess the business.">
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