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Technology Stocks : Broadcom (BRCM) -- Ignore unavailable to you. Want to Upgrade?

To: Bernard Levy who wrote (5735)	3/14/2001 11:14:17 PM
From: Stoctrash	Respond to of 6531

OH man...thanks Bernard!! This is classic; I guess he missed the CEO 101 classes on how sales turn into revenues and then profits...and that you have to play by the accounting rules!!!...LOLOLOL!! If he really is this clueless...how the hell could he become a CEO? He admits he doesn't know accounting or the method used and that he ASSUMED. Didn't his daddy ever tell him "NEVER ASSUME!!!" What a POS Liar or just money dumb digit head. =============== "We're the good guys" globes.co.il Against this background, Nicholas arrived yesterday in Israel together with his company’s chief scientist, Henry Samueli, to try to improve the company’s image. For a whole hour, Nicholas supplied complex explanations of why he was actually the good guy in the story. He had known nothing, heard nothing, doesn’t understand accounting or law; he’s just an innocent engineer that wanted to design chips, while demonic forces are acting against him to confound his pure intentions. =========== ”The Wall Street Journal” reported that 3Com got a 69% discount on the price of products and that you did not include the discount in your financial reports. ”The figures that were published were incorrect. I don’t recognize these numbers.” What figures do you recognize? ”I don’t know. I only know that we did include the discounts in the reports under the goodwill item.” But not in the income statements as a deuction from income from sales. ”I don’t know how much you understand accounting. I don’t understand accounting. Ernst & Young, our accounting firm, calculated the data for us and composed the reports, and I assume they knew what they were doing.”