Re: [CANSLIM] Now Xerox?

From: phil bolte <pjbolte@yahoo.com>
Subject: Re: [CANSLIM] Now Xerox?
Date: Fri, 28 Jun 2002 14:10:21 -0700 (PDT)

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Of course it's a "B".  Anything that a Fortune 100
company does has a "B" behind it.

I'm getting fed up with this "scandal of the day"
phase we're in.  I'm starting to think it's all driven
by individual ambition - by newsrooms, legislators,
critics, and others.  Chance for them to make a name
for themselves - the next Watergate!

I don't know about any of you, but the more I work for
Corporate America, and I have worked for over 10
Fortune 100 companies now, the more I have discovered
that ethics and morals are MUCH WORSE than any of you
imagine in both large and small companies.  Every
client I have ever had cooked their books.  They all
had their accounting staffs work weekends toward the
end of each period so they could figure out a way to
make the report look "presentable".

Bottom line, I see this as the latest media hype, just
like two years ago when media were falling all over
themselves to get the next "scoop" on proof of the
"new economy."    There was some truth to the concept
of a new economy, just like there is some truth to
false accounting.  The only difference is how much
light the media shines on the topic.

- --- Kelly Short <kelly.short@neoris.com> wrote:
> Enron, WorldCom- nothing. Xerox off by $6B. (Yes-
> that's "B" as in boy!)
> 
> Kelly
> 
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