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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (25351)	1/11/2003 8:53:08 PM
From: t4texas	Respond to of 36161

fnm can avoid the pro forma problem altogether by just reporting gaap compliant earnings and dropping the pro forma stuff. however i think it would be easy for fnm to wordsmith (weaselword, etc.) any differences between ITS version of Pro Forma versus gaap. some companies have already started doing this. i don't remember exactly which one, but i recall either txn or csco (maybe it was both of them) doing this with its last quarter's earnings. i am just amazed that fnm would have the balls to protest something so simple as telling the public investors what its version of pro forma means versus gaap. i just consider it dissembling when such protests come out of such a leveraged outfit.