Go to Jeff Salisbury LWGate Home Page.From: Gene Ricci <genr@swbell.net>
Subject: Re: [CANSLIM] Andersen (Was: Worley's Weekend Weeview)
Date: Sat, 16 Mar 2002 15:51:36 -0600
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This is a multi-part message in MIME format. - ------=_NextPart_000_0446_01C1CD02.73FE7850 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I'm having a tough time enjoying any part of the potential if not = inevitable demise of Anderson.... because ... many, many thousands of = honest and hard working folks will get it in the neck because of the = actions of the few. .... maybe a prayer that the 'good folks' land on = their feet is in order. Luckily I worked and retired from a company that = had top management and board of directors that insisted on the = generation and enforcement of ethical standards.=20 Happy St. Patrick's Day, Gene =20 ----- Original Message -----=20 From: Dave Cameron=20 To: canslim@lists.xmission.com=20 Sent: Saturday, March 16, 2002 3:16 PM Subject: [CANSLIM] Andersen (Was: Worley's Weekend Weeview) Per Tom's comments below - this is gratifying. Not because I particularly want to see Andersen go in the tank, but because rather than the Feds shutting them down, the marketplace has spoken in that many companies have decided they are better off with a different accounting firm doing their auditing. As an investor, I am pleased when the market works to correct shady practices that serve to deceive the shareholders. =20 --- Tom Worley <stkguru@netside.net> wrote: >=20 > ANDERSEN > Scored another record, they were the auditors for HIH, an > Australian insurance company and that country's largest ever > bankruptcy. More lawsuits against Andersen are expected. Meanwhile > the company talked to Deloitte about a possible merger, or purchase > of assets after they find a way to protect the buyer from Enron and > other liabilities (one possibility - bankruptcy!!). And on Monday, > FedEx made it official, dumped Andersen for Deloitte. Many more > are following, and looks to me like the firm is ended. Deloitte > ended talks on a possible buyout as did one other of the top "5", > and the other two are not even interested in initiating talks. > Seems the potential liability is just too great. So goes one of the > formerly great names in the accounting industry. Besides, why pay > for clients when they will come to you for free? >=20 =3D=3D=3D=3D=3D Dave Cameron dfcameron@yahoo.com __________________________________________________ Do You Yahoo!? Yahoo! Sports - live college hoops coverage http://sports.yahoo.com/ - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_0446_01C1CD02.73FE7850 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 5.50.4913.1100" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT face=3D"Comic Sans MS">I'm having a tough time enjoying any = part of the=20 potential if not inevitable demise of Anderson.... because ... many, = many=20 thousands of honest and hard working folks will get it in the neck = because of=20 the actions of the few. <FONT face=3D"Comic Sans MS"> .... = maybe a=20 prayer that the 'good folks' land on their feet is in order. = </FONT>Luckily=20 I worked and retired from a company that had top management and board of = directors that insisted on the generation and enforcement of=20 ethical standards. </FONT></DIV> <DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV> <DIV><FONT face=3D"Comic Sans MS">Happy St. Patrick's Day,</FONT></DIV> <DIV><FONT face=3D"Comic Sans MS">Gene</FONT></DIV> <DIV><FONT face=3D"Comic Sans MS"> </FONT></DIV> <DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV> <BLOCKQUOTE=20 style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; = BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV> <DIV=20 style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: = black"><B>From:</B>=20 <A title=3Ddfcameron@yahoo.com = href=3D"mailto:dfcameron@yahoo.com">Dave=20 Cameron</A> </DIV> <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A = title=3Dcanslim@lists.xmission.com=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= </DIV> <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Saturday, March 16, 2002 = 3:16=20 PM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] Andersen = (Was:=20 Worley's Weekend Weeview)</DIV> <DIV><BR></DIV>Per Tom's comments below - this is = gratifying. Not=20 because I<BR>particularly want to see Andersen go in the tank, but = because=20 rather<BR>than the Feds shutting them down, the marketplace has spoken = in=20 that<BR>many companies have decided they are better off with a=20 different<BR>accounting firm doing their auditing.<BR><BR>As an = investor, I am=20 pleased when the market works to correct shady<BR>practices that serve = to=20 deceive the shareholders.<BR> <BR>--- Tom Worley <<A=20 href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A>>=20 wrote:<BR><BR>> <BR>> ANDERSEN<BR>> Scored another record, = they were=20 the auditors for HIH, an<BR>> Australian insurance company and that = country's largest ever<BR>> bankruptcy. More lawsuits against = Andersen are=20 expected. Meanwhile<BR>> the company talked to Deloitte about a = possible=20 merger, or purchase<BR>> of assets after they find a way to protect = the=20 buyer from Enron and<BR>> other liabilities (one possibility -=20 bankruptcy!!). And on Monday,<BR>> FedEx made it official, dumped = Andersen=20 for Deloitte. Many more<BR>> are following, and looks to me = like the=20 firm is ended. Deloitte<BR>> ended talks on a possible buyout as = did one=20 other of the top "5",<BR>> and the other two are not even = interested in=20 initiating talks.<BR>> Seems the potential liability is just too = great. So=20 goes one of the<BR>> formerly great names in the accounting = industry.=20 Besides, why pay<BR>> for clients when they will come to you for=20 free?<BR>> <BR><BR>=3D=3D=3D=3D=3D<BR>Dave Cameron<BR><A=20 = href=3D"mailto:dfcameron@yahoo.com">dfcameron@yahoo.com</A><BR><BR>______= ____________________________________________<BR>Do=20 You Yahoo!?<BR>Yahoo! Sports - live college hoops coverage<BR><A=20 = href=3D"http://sports.yahoo.com/">http://sports.yahoo.com/</A><BR><BR>-<B= R>-To=20 subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In= the=20 email body, write "subscribe canslim" or<BR>-"unsubscribe = canslim". Do=20 not use quotes in your email.<BR></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_0446_01C1CD02.73FE7850-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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