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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: DMaA who wrote (14824)	4/16/1998 11:52:00 AM
From: David Lawrence	Respond to of 22053

>>The game was simple: Conduct information warfare attacks, or "infowar," on the Pacific Command and ultimately force the United States to soften its policies toward the crumbling communist regime in Pyongyang. The "hackers" posed as paid surrogates for North Korea. Hummm. Suspiciously like Tom Clancy's "Ops Center".

To: DMaA who wrote (14824)	4/16/1998 2:04:00 PM
From: Moonray	Read Replies (3) \| Respond to of 22053

I find today's drop in CD (Cendant - 19 7/8 down 17 1/16) an interesting story. The press release said: Cendant Corporation to Restate Earnings Business Wire - April 15, 1998 17:26 STAMFORD, Conn/PARSIPPANY, NJ--(BUSINESS WIRE)--April 15, 1998-- Cendant Corporation (NYSE:CD) today reported that, in the course of transferring responsibility for the Company's accounting functions from former CUC International, Inc. personnel to former HFS Incorporated accounting personnel and preparing for the reporting of first quarter 1998 results, it has discovered potential accounting irregularities in certain former CUC business units which are part of Cendant's Alliance Marketing Division (formerly the Membership segment). Accordingly, Cendant said it expects to restate annual and quarterly net income and earnings per share for 1997 and may restate certain other previous periods related to the former CUC businesses. CNBC has reported management has sold some big blocks of stock this year and several upper level managers have just left the company. In my opinion, this story is NOT over. Looks like a scandal to me. Brands affected by CD ownership: Real Estate: CENTURY 21 Coldwell Banker ERA Rent Net Membership: Travelers Advantage Shoppers Advantage AutoVantage Entertainment netMarket Travel: Resort Condominiums International Avis Days Inn Howard Johnson Ramada Software: Davidson & Associates Sierra On-Line Knowledge Adventure Blizzard Entertainment o~~~ O