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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (4369)	1/28/1999 5:45:00 PM
From: aps	Respond to of 4509

i don't like that restatement part either...

To: Lizzie Tudor who wrote (4369)	1/28/1999 5:48:00 PM
From: Melissa McAuliffe	Read Replies (4) \| Respond to of 4509

If I read the announcement correctly,the possible restatement has to do with accounting/writing off in process r&d. This is not something that is specific to PSFT. I've seen this in a few earnings releases recently and it seems the SEC is cracking down on this and it's becoming a very hot topic. It would be a different story if it was due to irregular bookkeeping or something of that nature which it doesn't appear to be. Not saying it's not an issue...just not unique to PSFT. I think VNTV had the same thing yesterday in their earnings statement if I'm not mistaken.