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To: GST who wrote (139546)2/19/2002 8:16:37 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
"What do you think of the prospect of BIG Blue to air their sneaky accounting tricks? This could cause people to really crap their pants if it turns out that you can be GAAP-compliant and still cook up a gourmet dinner with your books -- and I have no reason to doubt that GAAP is a chef's best friend. "

GST,
I do not know what to make of it. This problem is rampid. I have become disallusioned (sp) I think.

I contemplate taking the remaining capital out of the market (IRAs excluded) and jut placing it in my business in the form of extra inventory. At least I know my accounting and my inventory does not "become old."

I see the market fell over today while I was working. That is with fake accounting:-(