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


To: P.T.Burnem who wrote (2972)7/22/1998 6:47:00 PM
From: limtex  Read Replies (1) | Respond to of 11568
 
PTB -

Not one but a whole bunch of relatively good analysts have already put WCOM figures through inspection and have had the opportunity of good questioning sessions on road shows and the whole group has been through the wringer with the EU and the JD and all their accountants and analysts not to mention those of the competition who tried to get the merger with MCI stopped..

Whoo else do you think can find something wrong with WCOM figures if all those guys couldn't and many of them were paid to find anything that could have scuppered the deal. Seriuos accounting errors would have been one of the first and easiest to turn up. But they didn't.

Sorry but your logic has to overcome a big timing issue here. It might have justified further examination at any other time but not after an investigation like Bernie and the boys have just been through.

Regards,

L



To: P.T.Burnem who wrote (2972)7/22/1998 7:42:00 PM
From: SDR-SI  Read Replies (1) | Respond to of 11568
 
PT:

Is there some basis for your suspicion about WCOM "cooking the books" as apparently Cendant did?

Is there some smoking gun that begins to point toward a previously unknown or unrecognized problem?

Is there any hard, or even soft, evidence of a problem of integrity with WCOM's profit figures, sales figures or accounting practices?

If so, please share them with us - the post to which I respond and your prior post imply knowledge of something being seriously amiss.

TIA

Steve