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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (145408)	8/13/2002 9:22:18 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

The good news is no one has to worry about AMATs ceo James Morgan for telling it like it is. WASHINGTON, Aug 13 (Reuters) - Millions of investors are jumping onto the Securities and Exchange Commission's Web site as Wednesday's deadline draws near for corporate CEOs to vouch for the accuracy of their financial statements. The site, at sec.gov, had an average daily volume of about 1.4 million hits from the beginning of August through the 11th, and of 1.7 million hits in July -- the highest daily hit rate for this year, said SEC spokesman Michael Robinson. By contrast, average daily hit volume was 1.1 million in September 2001, almost a year ago, he said. "We are seeing a lot of hits and that's a good thing," he said. "We have encouraged people to use the Web site to get the information they need before they make investing decisions." The commission is calling on the chief executives and chief financial officers of 947 of the biggest U.S. companies to personally attest to the accuracy and completeness of their companies' latest financial statements beginning on Aug. 14. Some can file after that deadline due to fiscal year variations and some postponements may be allowed. If unable to certify a company's latest 10K annual report and subsequent 10Q quarterly and other statements, the CEO or CFO must tell the SEC why under oath. The commission is keeping a running tally at sec.gov, but a variety of delays prevents the list from being up-to-the-minute. As of Aug. 12, the brass of more than 270 of the 947 companies had stood behind their books. The certification process is expected to become an annual event. Copyright 2002, Reuters News Service