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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: Charles Tutt who wrote (29886)	4/2/2000 4:03:00 PM
From: JDN	Read Replies (1) \| Respond to of 64865

Dear Charles; I havent practiced in 9 years so I could be out of date BUT its my understanding Qualified opinions are no longer accepted by the SEC. Too many outs for the CPA's. You merely state the facts and either give a clean opinion or withhold it at least in certain areas which cannot be determined. I believe this situation falls under "Contingencies and unrecorded liabilities". Ie if its a contingency and even a range of estimates is impossible to determine no reserve set up but disclosure necessary. Incidentally, if a law firm could opine as to a maximum amount they would merely record it and even discloser not then necessary as it is then disclosed on the balance sheet and income statement. I used to have to face this a lot in Contamination issues. JDN