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To: stomper who wrote (141090)12/31/2001 6:40:04 PM
From: John  Read Replies (1) | Respond to of 436258
 
The notion of "pro forma" reporting is fairly outrageous. Imagine yourself going through LIFE, and every time an unfortunate or bad event in your LIFE transpires, you simply discount it. This would result in your LIFE being viewed as perpetual peaches and cream, no matter what happens, correct?

Businesses running around and espousing, "if we forget about all the bad things, everything is just peachy," which is essentially what pro forma results assert, is preposterous.

"Oh, a motorist hit me and broke my arm! However, if I discount this event, and look at it from a pro forma perspective, my arm is actually as good as ever!"

or...

"A tornado hit my home and destroyed 90% of my material possessions. But considering the damage from a pro forma standpoint, my home is in excellent condition after all."

The entire concept is silly. LIFE must be considered in the aggregate; good AND bad. The same concept should apply to businesses, because bad events are a definite part of life.

John



To: stomper who wrote (141090)12/31/2001 7:35:09 PM
From: Earlie  Read Replies (1) | Respond to of 436258
 
Stomper:

I nominate IBM, as it would be an excellent case to bring on both counts. Unfortunately, it is bound to be some obscure company that none of us have ever heard of. It is bound to be much like the SEC busting of that sharp 15 year old PC whiz kid a year or so ago. Makes me weep.

Best, Earlie



To: stomper who wrote (141090)1/1/2002 7:13:22 PM
From: Lucretius  Respond to of 436258
 
yea, sure -g-