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

To: t4texas who wrote (25659)	1/15/2003 4:44:32 PM
From: Art Bechhoefer	Respond to of 36161

>>this will certainly hasten gaap reporting as the favored method for earnings<<. Many companies already report pro-forma AND gaap, or select other forms of reporting as well in order to give investors a clearer picture of what's going on. Among the companies that report both gaap and pro-forma or "look through," to use the words of Warren Buffett, are QUALCOMM and Berkshire Hathaway. Perhaps one result of the SEC's 5-0 vote will be to expose some company reporting and turn investors toward the companies that have been doing an honest job all along. This might create a new set of market dogs and also a new set of high flyers. Art