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Technology Stocks : Compaq
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To: rudedog who wrote (58034)4/15/1999 1:12:00 PM
From: QuentR  Read Replies (1) of 97611
 
<it seems possible that Mason really did not know the real numbers>

Having worked with developing financial systems that go across different accounting systems for major fortune 500 company that brought in about a dozen or more companies over a two year period, I think that Mason did know all along what the numbers were. The key tip off was the leak that was probably accidental, since a great deal of IR stastements to me and others on the thread tried to place a different spin on Mason's remark. IMO, the major problem here is work of spin doctors. The company I worked with eventually went belly up IMO due to too much spin doctoring. It is easier to work with the truth and make adjustments, rather than not know the truth and continue to make mistakes. To me this is a serious problem, and that is probably why the street is punishing Compaq stock so much. It is a healthy warning to get your cards on the table especially for the BOD and top company management.
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