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Technology Stocks : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?


To: jim bender who wrote (14291)3/5/1998 9:49:00 PM
From: StockMan  Respond to of 45548
 
Seems to me that there are two possibilities neither of them good for 3Com.
1. They cooked the books to manipulate the stock price (meeting /beating estimates), which means that the lawyers will have a field day.
2. They did not know what they were doing, which makes the management (financial team) incompetant.

Furthermore, Why the charge adjustment over a period of Q's rather than 1-time is puzzling. The fact that they dont know how much it costs for merger, says a lot about management competance.

Comments?

Stockman



To: jim bender who wrote (14291)3/5/1998 10:04:00 PM
From: craig crawford  Respond to of 45548
 
What a pathetic excuse for accounting. If this company isn't down hard tomorrow I'm going to short it at the open.



To: jim bender who wrote (14291)3/5/1998 10:29:00 PM
From: Dee Jay  Read Replies (1) | Respond to of 45548
 
do you think this would have happened if Herb Greenberg (SF Chron at the time) and then the NY Times hadn't examined the footnotes so carefully and brought the "stub period" to the light of day and how they used the numbers to their advantage? Not likely, IMHO!
Dee Jay