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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (2037)	4/1/2002 9:18:40 AM
From: Chip McVickar	Respond to of 207045

Bob, The market is certainly doing it's job, and ferreting out those companies likely to have used accounting methods that are deceptive. Named and questioned companies in the blue chip DJIA are all underperforming the index..... JPMorgan, IBM, GE, msft, Intel, SBC Comm, etc.....! Companies regularly shift assets around to soften or bolster earnings reports, (can't blame them), but after Enron this practice is cutting both ways. I don't expect anyone else to disappear like Enron, (btw, they are still making a lot of money off their natural gas trading), but all companies will certainly face greater challenges to present honest papers and this may squelch future earnings forecasts. CEO's...., this countries brightest and best trained minds out of our greatest MBA business schools will be themselves stretched against the grain and challenged to become honest accountants. It's the nature of capitalism to stretch the boundaries, and up to the regulators to show them their boundaries, otherwise we all become citizens of Argentina. Chip