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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (9120)7/1/2002 12:58:47 PM
From: Dave Gore  Read Replies (1) | Respond to of 16631
 
EDS EDS attacked by shorts in NY Times article (37.15) -- Update --

The New York Times reports that some short-sellers believe EDS' problems run deeper than its WorldCom exposure, pointing to red flags in its most recent quarterly report to the SEC. "EDS is a perfect example of why Ebitda is a joke," states Rocker Partners general partner M. W. Montgomery. "If ever there was an example of Ebitda not being free cash flow, it's EDS."



To: Dave Gore who wrote (9120)7/1/2002 1:00:00 PM
From: The Vet  Read Replies (1) | Respond to of 16631
 
Why haven't we heard this on CNBC this morning?

Some of America's best-known and most respected companies are overstating their earnings by billions of dollars, according to credit rating giant Standard and Poor's.

A report just released by the agency accuses the likes of Dupont, IBM, General Electric, Microsoft and Cisco of consistently inflating their profits.

news.independent.co.uk


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