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Technology Stocks : Actel [ACTL]
ACTL 0.00010000.0%Nov 14 9:30 AM EST
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To: Franco Battista who wrote (62)2/3/1996 8:39:00 AM
From: Grant R. Cynor   of 674
 
Re: Creative Bookkeeping - Franco is right. A good management doesn't not want raise expectation to obnoxious levels and set themselves up for a fall. Since they were on the High side of expectations anyway, whats the point of subjectively booking more income? Conservative accounting and aggressive management is whats important. Another company that shows this is DAIO. Last quarter they took too much of a write-off on an acquisition based on their conservative estimates. This quarter they recognized that fact. In the interim, traders beat the hell out of the stock while the company and their management were buying shares. This works out to the benefit of the long term shareholders and it will with ACTL also.
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