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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Katherine Derbyshire who wrote (45659)	4/20/2001 11:30:12 AM
From: Ian@SI	Read Replies (1) \| Respond to of 70976

Katherine, Fully agree. It's the responsibility of every company to write off "impaired" assets on a timely basis. A key example would be the banking system in Japan. Its failure to take appropriate action seems to have been a major contributor to that country's amazingly poor performance during the past decade. For people to accuse John Chambers of accounting fraud for taking a responsible action is bordering on Libel. It's one thing to be upset when a position turns against its holder, it's quite another to brazenly commit felonies. IMHO, Ian.