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Non-Tech : Tyco International Limited (TYC) -- Ignore unavailable to you. Want to Upgrade?

To: SPSEIFERT who wrote (3467)7/2/2002 9:19:41 AM
From: Larry S.  Respond to of 3770
 
the problem is, especially in the current scrutinization environment, is K's personal foul-up representative of what was done with the books in terms of accounting for the many acquisitions. I concur, that there are many real companies producing needed items and good cash flow. Wall street is afraid, esp after wcom, xrx, etc, to wake up to headline, "TYC to restate income by 5 billion". larry



To: SPSEIFERT who wrote (3467)7/2/2002 3:24:03 PM
From: Tatnic  Read Replies (2) | Respond to of 3770
 
Books are clean? You have no way of knowing that, nor does anyone else. A fraud audit costs tens of millions of dollars. The SEC has not done a fraud audit on tyc's books, nor has any other firm. I'm not saying any fraud was committed, but at the same time you can't declare their books are "clean" either...wishful thinking on your part.


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