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1 posted on 07/29/2002 1:47:43 PM PDT by LakerCJL
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To: *Enron_List
Index Bump
2 posted on 07/29/2002 2:10:08 PM PDT by Free the USA
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To: LakerCJL
Bump....
3 posted on 07/29/2002 3:49:48 PM PDT by Joe Hadenuf
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To: LakerCJL
That day, he gave an elated shout and a cheer went up in the office. The coup allowed the company to count projected earnings from long-term energy contracts -- money it might not collect for 20 years, if ever -- as current income."

What, other than potential fraud would be the advantage of counting "projected earnings" as current income?

The "shout and cheer" from the office speaks volumes about the crooks in charge....may they rot in hell.

4 posted on 07/29/2002 7:37:57 PM PDT by lewislynn
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To: LakerCJL
On Aug. 17, shrugging off the Skilling resignation, Lehman Brothers rated the company a "strong buy" and said: "The Enron machine is in top shape and continues to roll along. We don't see any reason to change our estimates or outlook."

Enron shares were trading at slightly more than $36 a share.

In the third week of August, Chung Wu, a UBS PaineWebber broker in Houston, e-mailed 73 investment clients saying Enron was in trouble and advising them to consider selling their shares. Some of his clients were Enron executives, and the managers of the company's stock option plan soon heard about Wu's action. They demanded that he be disciplined.

PaineWebber handled personal investing for many Enron top executives, and the firm itself was recommending Enron to investors as "a strong buy." PaineWebber later said it fired Wu because he gave clients advice contrary to the company's without authorization.

Why we never seem to get "sell" advice from the "stock experts"

6 posted on 07/30/2002 3:33:11 AM PDT by SauronOfMordor
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