Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Wind River going up, up, up! -- Ignore unavailable to you. Want to Upgrade?

To: Joe Smith who wrote (4194)	2/2/1999 9:23:00 AM
From: Mark Brophy	Read Replies (2) \| Respond to of 10309

You should edit the Wall Street Journal. In your new job, you could prevent them from flying off the handle with articles such as the one that appeared yesterday on page B4, "High Tech Firms Are Upset Over an SEC Crackdown - Agency is Scrutinizing Popular R&D Write-Offs Following Acquisitions". The article states that the SEC considers it accounting fraud when a company writes off 75% or more of an acquisition and the Big 8 accounting firms support the SEC. Wind River wrote off 80% of their acquisitions, so it appears likely that they received a letter from the SEC chairman. Given that kind of scrutiny, the CFO probably considered it prudent to avoid dipping into the "cookie jar" to make his numbers this quarter, and sent the stock into a free fall. You may be smarter than the SEC chairman, Upside magazine, the Big 8 accountants, Jerry Asher, and me. If you were a decent man, you'd keep such opinions to yourself. Bear in mind that the stock price represents the collective opinion of others.