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


To: Sam Citron who wrote (59408)1/25/2002 1:34:04 PM
From: michael97123  Respond to of 70976
 
Sam,
Take a look at a chart of IMCL to see the results of more corruption in business. Stock was 75 6 weeks ago, now 15. These guys got Bristol Meyers to buy 25% of the co. at 70 back in october i believe.
I guess we are making a case for reregulation. The Reagan revolution, at least as it pertains to dereg, has overshot its mark. For capitalism to work there must be greed but not excessive greed. Now we have to be careful not to craft regs that become disincentives to new business. Anyway lets put those responsible at enron, arthur andersen and imclone in jail for what they did. Let us set an example for others to mull over before they cross the line. And lets make that line clear. mike



To: Sam Citron who wrote (59408)1/25/2002 1:37:37 PM
From: michael97123  Read Replies (1) | Respond to of 70976
 
"but if investors don't trust the reported earnings, they will discount them appropriately."

Sam,
Part 2
Maybe trust will return by the time the earnings positive earnings surprises i allude to occur. We can hope anyway. mike