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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: heraclitus who wrote (19873)	3/24/2000 7:21:00 PM
From: heraclitus	Read Replies (1) \| Respond to of 42523

Mauling bears must not be lucrative enought these days. Poor fellow needed supplemental income...... ap.tbo.com

To: heraclitus who wrote (19873)	3/24/2000 7:29:00 PM
From: patron_anejo_por_favor	Respond to of 42523

Good article! Best line: ""It's really difficult from publicly available disclosures to determine who will be the next one," said Janet Pegg, an accounting analyst with Bear Stearns & Co., who published a report on the topic. "There's a lot of concern and there's no obvious way to get any comfort." Well, there's at least ONE way to "get comfort". It's called a "sell order".<vbg>

To: heraclitus who wrote (19873)	3/24/2000 11:00:00 PM
From: pater tenebrarum	Respond to of 42523

SEC waking up to what? cushy jobs in the private sector?<g> i guess not, if they REALLY begin to crack down on various accounting shenanigans. the funny thing about this is, that EVERYBODY knows that e.g. PCLN books the total value of the tickets sold through the site as revenue, although it is only a go-between. the logic employed in valuing the stock is thus as follows: "as long as they can get away with this nonsense, we can make as if it was a multi billion dollar company. if they don't get away with it anymore, we'll have to mark the stock down by 70-90%" what an utterly bizarre and absurd mania this is.... any guesses as to when more than three people will get wise? btw, even the 'world class' (and indeed successful) cos like CSCO and MSFT resort to all kinds of accounting shenanigans. the CSCO quarterly reports are a jungle...and somehow they ALWAYS beat WS's estimated per share earnings by EXACTLY one cent. the wonders of modern financial engineering....

To: heraclitus who wrote (19873)	3/25/2000 7:05:00 AM
From: Ilaine	Respond to of 42523

Microstrategy litigation already in court - the lawyer I rent my office from came back late due to heavy docket, said there were motions in MicroStrategy case ahead of him. I assume he was in state court (Fairfax), maybe it was federal. The Washington Post has given the MicroStrategy debacle a lot of ink, probably because just a week or two earlier the CEO had promised to donate $100 million to set up an internet university that anyone who wanted to could attend. He says he still intends to do it. He says "my net worth tends to fluctuate." I can't remember how much he's lost, billions, of course.