Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Captain Jack who wrote (89399)	1/31/2001 5:08:37 PM
From: MeDroogies	Read Replies (1) \| Respond to of 97611

No, I disagree. Only a few of those things would've come to light. The easier money environment would've made it possible for some of these firms to swim by for quite a while longer. Tough money forced them to own up quickly and early. Problems only exacerbate as they are extended. Things may not have been as bad now, had AG done as you ask, but they would be MUCH worse later. AG forced the hand of many companies to take charges and do restructuring that would likely have been ignored for quite a while. Downturns are always good in the long run. As Schumpeter once said - "A Depression (or recession, or downturn) is like a nice cold shower. You have to take one every now and again." I doubt you'll ever find that quote in a quote book. It was said to a professor of mine while he attended one of Schumpeter's classes in the '30's.