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Technology Stocks : WCOM -- Ignore unavailable to you. Want to Upgrade?

To: JM who wrote (2953)	7/21/1998 9:55:00 PM
From: stock_bull69	Read Replies (2) \| Respond to of 11568

I think the previous post was simply a statement from a disgruntled WCOM shorter or a case of a former employee with an axe to grind. Steve

To: JM who wrote (2953)	7/21/1998 10:44:00 PM
From: P.T.Burnem	Read Replies (1) \| Respond to of 11568

I have read several article critical of WCOM's accounting practices, including one that appeared in Barron's. I don't remember all the details, but something about padding earnings by using a lower depreciation rate than WCOM's competitors, among other things. Just like CD, WCOM grows by way of acquisitions that are accretive to earnings, but that is mostly because of the acquirer's sky-high P/E. Not to worry: as long as WCOM continues to generate tons of investment banking fees, it'll remain a street's darling no matter what. PTB