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Biotech / Medical : McKesson HBOC (MCK)
MCK 824.19-0.2%Jan 13 3:59 PM EST
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To: Exciton who wrote (92)5/27/1999 10:33:00 AM
From: Doug  Read Replies (1) of 165
 
Exciton: I believe the recovery may be faster.

The error should have been picked up by any one in the Accounts Dept. They would have seen the HBOC Receivables increased Q after Q with no increase in Cash flow. This should have been the Mgmt alert signal. It is obvious to me that the Mgmt of MCK were too trusting and left it to their so called experts.

I will also agree that a head roll is quite in order.
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