Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 220.28

-6.4%

Nov 20 3:59 PM EST

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To: Katherine Derbyshire who wrote (23544)	8/28/1998 4:26:00 PM
From: Ian@SI	Read Replies (1) of 70976

Katherine, While I agree with all your points, I did get a chuckle re how you made one. I suspect that you may have grinned a little as you wrote, " ... but that PUBLIC companies in other parts of the world do not disclose as much or as accurate information as PUBLIC companies in the US do. For examples, start with the recent Wall Street Journal article about Russian accounting practices and move on to the great mystery about exactly how much bad debt Japanese banks have. ... I couldn't help but think of WSJ stories on MFN (Mercury Finance - the discount, used car loan company), GNT (no longer exists, but counted its chickens long before they hatched), and the recent darling of the media and especially Jim Kramer, CD (Cendant - out and out fraudulent reporting of revenues), ... Hopefully, these are the exceptions that conclusively prove your point. ;-) Ian.

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