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To: Stephen who wrote (56084)	10/22/1998 1:17:00 PM
From: ViperChick Secret Agent 006.9	Read Replies (1) \| Respond to of 58727

here is something someone sent me by PM who is not a member but has been reading our thread... xCIT reported a 03 profit of $0.02 a share, beating the $0.02 loss estimate by the street by four cents. However, XCIT management as well as many from the street knew the truth XCIT in fact lost $0.14 a share when analyzed using Generally Accepted Accounting Principles (GMP) which they apparently are not using. A lot of attention is being paid to the accounting methods XCIT employs when reporting earnings. It seems as if XCIT is intent on reporting a profit, no matter if it is made out of vapor. Last quarter they did the same thing and were called on the carpet. This quarter they did it again causing many folks to question the integrity of management. When a company plays with the books or even has the appearance of monkeying with the numbers, its one of the absolute worst things that could possibly be done.