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Technology Stocks : Hewlett-Packard (HPQ)
HPQ 22.29-2.7%Dec 31 3:59 PM EST

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To: The Duke of URLĀ© who wrote (2505)1/31/2003 2:28:29 PM
From: kumar  Read Replies (2) of 4345
 
<quarter ending Friday>

My friends at HP tell me the books for the qtr were closed a week ago. Change in accounting practises I'm told.

In the past u could book orders (and get paid commission) until the last day, even based on Letter-of-Intent. Now you can only book orders whose shipments will occur within the qtr. Hence closing the books a week before the last day.
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