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To: pgerassi who wrote (145025)	10/11/2001 1:08:19 PM
From: GVTucker	Read Replies (1) \| Respond to of 186894

Boy, Pete, talk about your straw man arguments. First of all, the 'Lemon' analogy doesn't work at all. It would only be analogous if the used car dealer put below the big words that say "Great Buy!" some small print that said, "This car isn't a good buy at all. In fact, it's a lemon." If that was the case, then indeed someone who was foolish enough to buy the car should be stuck with it. Somehow you can't get it through your head that every company reports GAAP results. You are basically saying that no scam artist should ever be prosecuted because it was the victim's fault. Well government and the public out there doesn't agree with you. Uh, pgerassi, where it that argument being made? The argument is that every single public company reports results according to GAAP. When those results turn out to be fraudulent, then the people responsible are prosecuted. Do some companies exaggerate pro forma financials? Yer dang tootin. But as long as they report numbers according to GAAP, there is no harm. It amounts to advertising for the company. Tell me, every time that you see "New and Improved" on a grocery shelf, do you believe that the product is both New and Improved?

To: pgerassi who wrote (145025)	10/11/2001 1:27:00 PM
From: Robert O	Read Replies (1) \| Respond to of 186894

Presenting Pro Forma numbers is not the equivalent of selling investors a 'lemon.' Look, there are reasonable positions one can take on whether, for example, one time unique hits to one's books should HAVE to be shown. Well good news is per GAAP you MUSt show that hit but better news is that companies are allowed to show the world a presentation that tries to point to ongoing operations of the business. It's that simple. Almost everyone gets that, and if they don't they are not even looking at financials anyway. End of story. RO