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Technology Stocks : Keane The leading y2k service provider

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To: Sun Tzu who wrote (976)	2/10/1999 10:04:00 PM
From: David Niebuhr	Read Replies (1) of 1316

The answer to your question is simple -- they didn't have a smaller backlog than they thought; it was just smaller than you thought. Management doesn't (or shouldn't) use total company backlog as a planning or budgeting statistic -- it's only useful on a divisional or departmental level. The fact that the guys at the top apparently weren't aware that the number reported to analysts and shareholders was off by 25% is not comforting but, if the cause was as stated, this faux pas shouldn't affect their operating results.

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