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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (28679)	5/31/1998 2:26:00 PM
From: Knighty Tin	Respond to of 132070

Skeets, Speculation. They may be other tricks, such as front-loading next quarter's expenses into the writeoff. The key is, how many firms miraculously show "better than expected" eps after a huge writeoff. For example, I have no proof, but I know Gateway's SG&A expense was not down on an operating basis last quarter. Just didn't happen, no matter what the report showed. So, something had to go into the writeoff to achieve that end. It really doesn't matter what, as long as you realize the eps are phony. MB