Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Cendant Corporation (NYSE:CD) -- Ignore unavailable to you. Want to Upgrade?

To: Carmine Cammarosano who wrote (150)	4/15/1998 4:50:00 PM
From: polarisnh	Read Replies (2) \| Respond to of 3627

It was just announced on CNBC that Cendant has discovered some accounting irregularities in CUC. 16:50 [CD] CENDANT SAYS CONSIDERING LITIGATION VS CUC OFFICERS, OTHERS. 16:40 [CD] CENDANT SEES 1997 RESULTS CUT BY 11-13C; REVS CUT BY $100-$115M 16:39 [CD] CENDANT SAYS MAY RESTATE OTHER PREVIOUS QUARTERS. 16:39 [CD] CENDANT SAYS TO RESTATE NET, EPS FOR 1997 YEAR, ALL QUARTERS. 16:39 [CD] CENDANT CORP FINDS ACCOUNTING IRREGULARITIES IN CUC UNITS. I just heard that the stock was trading down something like $9.00 a share! OUCH! Good Luck, Steve