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Technology Stocks : Compaq
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To: Elwood P. Dowd who wrote (41617)12/29/1998 2:42:00 PM
From: JDN  Read Replies (1) of 97611
 
Dear El: I am a retired audit partner. I can tell you, for a company as large and diverse as CPQ is late January to complete the audit is really pretty good. Remember they have 90 days from year end until the 10K is due. Most publicly held companies will not realease earnings until auditors tell them there will be no significant adjustments coming. Can you imagine the embarrassment and possible legal problems if they released earnings and then had to restate them?? JDN
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