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Pastimes : G&K Investing for Curmudgeons -- Ignore unavailable to you. Want to Upgrade?

To: unclewest who wrote (6486)	9/22/2000 10:50:46 AM
From: Logain Ablar	Read Replies (1) \| Respond to of 22706

Uncle: We will differ on L&H. In this case I would rather miss a 50% to 100% move in the stock just to ensure there was no revenue gimicks. I have seen companies take 50% haircuts and then 70% haircuts from the new lower level if there was accounting issues. So yes we can see single digits here if the revenue issue turns out to be true. I would think the auditors would have the answer by now. It does not take too long to follow the money. L&H has red flags all over. I agree speech recognition will be a tornado in the near future and Dragon is good BUT L&H could have cooked the books. Not saying they did but I will wait. Since I think we will have a valuation correction some time within next 6 to 9 months I'm no longer long term investor so INTC is not on my radar. QCOM on the other hand looks good here but I still expect some colateral damage over next couple of days. Tim