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Technology Stocks : Nortel Networks (NT) -- Ignore unavailable to you. Want to Upgrade?

To: Daniel Simon who wrote (13784)	3/17/2004 3:44:57 PM
From: AreWeThereYet	Read Replies (1) \| Respond to of 14638

Many had forgot about Bre-X (BRX.to) but we all know Worldcom, Enron, Healthsouth.

To: Daniel Simon who wrote (13784)	3/17/2004 9:52:30 PM
From: David R. Schaller	Respond to of 14638

Nobody's being thrown out of helicopters yet:) How bad can it be? My guess is that this is all going to boil down to a "he said, she said" How do you go about proving that the CFO wasn't just being cautious, prudent & executing his fiduciary responsibilities by over allowing reserves in the money losing years. As luck would have it (and due to excellent administrative work) some of the reserves weren't needed and so magically reappear in the first money making year.. thereby triggering management bonuses for their good work. Unless someone throws them under the bus, I think they're bulletproof.