Roger's 1997 Short Picks Message Board

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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Jon Tara who wrote (4705)	8/13/1997 4:32:00 PM
From: NYBellBoy	of 9285

Jon - What i was trying to explain is that the Public Accounting Firms are bending over backwards to let their clients financial statements look better than actual. I don't think the problem is specific companies, but industry wide. I don't want to stand in front of a train. I don't think the y2k stocks have steam for the long haul. Looking at Data Dimensions (DDIM) last qtr financials, IMHO they kept 2M in deferred cost on the balance sheet, by holding up the release of Ardes y2k CD-ROM. This is in accordance with GAAP, but just postpones the inevitable posting to the Income Statement. Microsoft has never capatilized software. Bill Gates stated that all costs should be charged to the current period, he said he didn't want to create full employment for accountants. Please tell me what you think are the most prudent choices for shorting. Thanks, BellBoy Last point, if numbers are not managed, how come so many companies EPS results are so close to Wall Street expectations. The variations occur when the "defacation hits the ocillator" (companies can no longer dream up fancy manuevers to meet the goals).

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