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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: Charles Tutt who wrote (50563)	7/22/2002 11:35:17 AM
From: CYBERKEN	Read Replies (1) \| Respond to of 64865

The idea is that it should mean nothing to the 90 to 99% of the CEO's in the private sector who do their best to issue honest statements (except for possibly keeping them on their toes), while opening further liability to the Ebbers types who have been recording their expenses as assets to pump their stocks. It's the best immediate move for the current crises, requiring neither a new law nor additional regulation, and costs nothing. It may, on the one hand be more effective than anything Congress comes up with, or it may be neutral. Since nothing is perfect, this can't be either. The problem to come, IMO, is if it will have the undesirable consequence of unleashing the cancer of the trial lawyers on every company that issues SEC statements in the future. If that occurs, American corporations will simply drop out of the SEC process, which would cause great harm to the economy...