Datastream Systems, Inc. (Nasdaq: DSTM) Message Board

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Technology Stocks : Datastream Systems, Inc. (Nasdaq: DSTM)

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To: blankmind who wrote (506)	1/14/1999 9:01:00 AM
From: Kent Rattey	Read Replies (3) of 721

Karnac, <- 2nd: there's no such thing as "generally accepted accounting practices;" it's GAAP - stands for generally accepted accounting principles - I have to believe this twist on GAAP was intentional> Irrevelent to the lawsuit...you are splitting peas over a journalists ability to report the facts. Yesterday a major publication reported "Lucent bought automated teller machine maker Ascend" versus "Asynchronsis Transfer Mode". Who cares. - 3rd: "improperly accounted for operating expenses as one-time charges connected to acquisitions" - what should you do? capitalize them & inflate earnings. This is called the principle of conservative statement; and perfectly fine. DSTM is basically being accused of under-stating earnings. This is ludicrous. I would have to read the lawsuit versus a journalists two paragraph synopsis of what is probably several pages long, before I could have an opinion on this, or your other blind musings....maybe you should too. If you own stock in this company, you owe it to yourself to do some DD on the suit. Find out the facts before you voice an opinion using your professional credentials. Kent

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