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Technology Stocks : WCOM -- Ignore unavailable to you. Want to Upgrade?

To: DreamWeaver who wrote (11189)	7/7/2002 9:51:59 PM
From: Dennis O'Bell	Read Replies (1) \| Respond to of 11568

In 1999, nobody was complaining about "pro forma" earnings, Gary Winnick was on the cover of Forbes, etc. A lot of the things you cite seem to have happened during any boom-bust market cycle, and I am convinced that here in the US businesses and markets are still more transparent than in other countries. The Europeans in particular have nothing on us concerning graft and corruption, I know this as a fact having lived in France. It's just that in Europe the Individual Investor is kept largely out of the loop (unless it's to be fleeced by the likes of the Euro Tunnel...) It's probable that there is partly something of a witch hunt in the case of WCOM, while Enron seems to be a far more grave case of fraud; I don't know enough of the details about the alleged accounting wrong doings to pass judgement yet. But I'm nearly certain that worse things have taken place and gone unreported in many other companies that swelled to magnificent heights during the bubble, only to shrivel like whacked out penises today.