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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (140801)	12/5/2001 6:23:38 PM
From: milo_morai	Read Replies (1) \| Respond to of 1585799

<font color=red>-SEC warns on numbers [Pro Forma] December 4, 2001: 6:36 p.m. ET Earnings data on 'pro form' basis should be viewed skeptically. NEW YORK (CNN/Money) - The nation's top securities regulator warned Tuesday that companies could be sued if they mislead investors by issuing confusing so-called "pro forma" financial results, weighing in on an issue of increasing concern to analysts and investors. The Securities and Exchange Commission also warned investors to view such reports with "appropriate and healthy skepticism." Companies discussing their quarterly profits usually report earnings from continuing operations, based on Generally Accepted Accounting Principles. Increasingly, however, companies have reported "pro forma" results, which have no standards and pick out certain aspects of a company's business and highlight others, usually to the company's benefit. Full Story money.cnn.com Looks like things are going to change! M.