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Strategies & Market Trends : Coming Financial Collapse Moderated -- Ignore unavailable to you. Want to Upgrade?

To: Irish who wrote (858)	6/26/2002 4:00:18 PM
From: Roger A. Babb	Read Replies (2) \| Respond to of 974

Irish, as someone suggested, maybe we should look at other Andersen clients. The WCOM stuff is different from Enron. At Enron it was hidden. At WCOM, the numbers were there but capitalized rather than expensed, a person with accounting experience and a knowledge of telecoms could make the leap after reviewing the financials. The key to identifying many of these problems is to compare cashflow to earnings, something is rotten when they are going in different directions.