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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: Russ who wrote (14302)	1/14/1999 5:03:00 PM
From: DJ	Respond to of 74651

Playing around with when sales are announced is the coin of the realm in capital equipment industries with big ticket sales (aerospace). Everybody on Wall Street knows that the Boeings and GEs of the world do it so as to modify major perturbations of the sales curve. In one sense, it's done NOT to create a false impression of when sales actually occur, but to present a more accurate picture of actual trends. Nothing is "magical" about quarterly reporting -- it could be bi-monthly or whatever, except for the SEC which has to have some uniform. So, the issue becomes intentionality of deception or painting a picture that misleads.