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To: KeepItSimple who wrote (176087)	6/28/2002 6:15:54 AM
From: stomper	Respond to of 436258

I would suppose the accountants that are taking over audits for "name" client's of Anderson are going to feel compelled to shed light on a myriad of scummy little deeds. -dave

To: KeepItSimple who wrote (176087)	6/28/2002 7:20:38 AM
From: Mike M2	Read Replies (1) \| Respond to of 436258

KIS, I do expect more discoveries of accounting irregularities and fraud - tis the season with the change of auditors. ho ho ho Fear not they will be punished to the fullest extent of the law - translation - the executives keep their money and laugh at having duped the public out of their retirement savings. mike

To: KeepItSimple who wrote (176087)	6/28/2002 8:52:58 AM
From: Earlie	Read Replies (1) \| Respond to of 436258

KIS: "Hello Louis,..... should we start shredding now, or wait a day or so?" (g) Best, Earlie

To: KeepItSimple who wrote (176087)	6/28/2002 9:13:15 AM
From: reaper	Read Replies (1) \| Respond to of 436258

the crazy thing about this Xerox revelation is that, IF they don't have a liquidity crisis (i have not looked at the balance sheet recently) this will eventually be spun as POSITIVE. those $3 (or $6, or whatever) billion of improperly recognized revenue were revenues that were supposed to be recognized in the FUTURE but were instead brought forward. now that past revenue gets erased from the books. but, since it is no longer recognized, it can now get recognized GOING FORWARD, thus INCREASING future estimates. just you watch, if XRX has enough cash to get through this mess, they'll be beating numbers for the next 4 years. Cheers