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To: jim kelley who wrote (39175)4/27/1998 3:17:00 PM
From: Chuzzlewit  Read Replies (2) | Respond to of 176387
 
Hi Jim,
No sooner do I say that I virtually never disagree with you then up pops a (minor) disagreement. Compaq's difficulties stem not from their accounting practices, but from their sales practices, and poor forecasting. But the ultimate culprit is their failure to implement effective inventory controls. The accounting practices obscured the problems rather than created them.

TTFN,
CTC