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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Rich1 who wrote (12416)	12/11/2001 10:43:00 PM
From: sylvester80	Read Replies (2) \| Respond to of 99280

I think "shifted" their losses is the right term. Not narrowed. They shifted the losses to the past 12 months so that they can make themselves look better going forward. I guess they figured that they suckered in the suckers over the past 12 months so no harm done that they lied a bit to do it based on their "accounting errors". lol. Let's see now.... ...corporations lie about their financials to sucker investors in... ...brokerages lie about their picks and calls to sucker investors in... ...and the small investor keeps getting suckered.... LOL.

To: Rich1 who wrote (12416)	12/11/2001 11:23:09 PM
From: Cactus Jack	Read Replies (1) \| Respond to of 99280

Rich, CMGI restated increased losses for the last fiscal year: "Internet firm CMGI said Tuesday it has to restate its financial results for the past fiscal year because of "inadvertent" accounting errors. The changes increase CMGI's loss for fiscal year 2001, which ended July 31, by $110.3 million, or 2 percent, to $5.49 billion. CMGI also said its fiscal fourth-quarter loss increased by $110.8 million, or 9 percent, to $1.33 billion because of the restatement." jpgill