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

To: Charles Tutt who wrote (50659)	7/24/2002 11:21:13 AM
From: CYBERKEN	Respond to of 64865

You need to understand the purpose of the SEC directive. The public accounting profession, to use an employment racket term, has been "suspended pending investigation". It's a move they all deserved, but it calls into question one of the fundamental underpinnings of the most powerful capital market in human history. Someone or something has to take its place immediately. Pitt's solution is so simple it's odd that it's not already hated by every politician and bureaucrat in our over-complex and bloated government: The CEO is SUPPOSED to understand his books, and be satisfied with them before anyone else even sees them. So-as he is required to sign the "Q's" and "K's"-he damn well ought to be able to certify that the books are reasonable, ESPECIALLY in the absence of a reliable third-party opinion...