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Technology Stocks : Quarterdeck: Making a Striking Comeback! -- Ignore unavailable to you. Want to Upgrade?

To: evan balter who wrote (2239)	1/20/1998 7:24:00 PM
From: SCOOBEY-DO	Respond to of 3307

"Interactive Entertainment Companies to go under NASDAQ microscope." According to the 3do (THDO) thread #3165, it is the interactive entertainment companies (QEI) that are being reviewed by NASDAQ if their price is below $5. Different subject. I am worried about QDEK's choice for independent auditors. KPMG was the auditors for Q-Entertainment (QZARF) before the company went backrupt. There is a lot of discussion about the backruptcy on the QZARF thread, but the summary of it is that QEI showed $30 million in receivable on their annual report that were later determined to be uncollectible, the company had only $3 million in D&O insurance that elapsed in 7/97 and the company reported $16 million revenue and $4 million in net income for the quarter ended 6/97 as compared to $12 million revenue and $3 million in net income in the prior year, which would indicate profitability. I don't understand why KPMG did not send up a red flag that there were problems with the company before it went bankrupt. I hope that they are paying better attention to QDEK I did e-mail QDEK to voice my concern To everyone on the QDEK tread. I am interested in your thoughts regarding KPMG. Best regards DO.