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Technology Stocks : Intel Corporation (INTC)
INTC 40.56+10.2%Nov 28 9:30 AM EST
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To: Gary Ng who wrote (62457)8/14/1998 10:34:00 AM
From: L. Adam Latham  Read Replies (3) of 186894
 
Gary (Off-Topic):

Re: Two companies in trouble joined together and try to hide their trouble through re-structuring cost which Wall street genius usually would turn a blind eye to and instead talk about the synergy etc.

There was a fascinating article in yesterday's WSJ about the Cendant/CUC/HFS fiasco, and how the fraud was pulled off by CUC's upper management. It's amazing that these people tried to simply invent revenue (among other things), and thought that they'd get away with it.

Adam
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