Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : the Women of SI -- Ignore unavailable to you. Want to Upgrade?

To: Rainy_Day_Woman who wrote (1574)	1/30/2002 9:22:01 AM
From: Rainy_Day_Woman	Read Replies (1) \| Respond to of 1691

8:40AM: The tone of the market in early dealings was mixed with the accounting troubles remaining a concern. Anadarko Petroleum (APC) has come out and stated that it will take a $1.57 bln charge after taxes and restate Q3 results due to incorrect accounting for U.S. assets. Also, the WSJ has report on questionable accounting practices at Elan (ELN), a pharmaceutical company. The pre-market tone has improved, however, in the wake of the stronger than expected Advance GDP report which came in at +0.2% vs the consensus of -1.1%. Currently the S&P futures are 3.9 points above fair value, the Nasdaq 100 futures are 15.5 points above fair value.