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 Non-Tech : Tyco International Limited (TYC)

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To: Dale Baker who wrote (3457)6/30/2002 9:24:45 PM
From: BMcVRead Replies (1) of 3770
 
>>I have no opinion in TYC because I don't know who to believe. But WCOM is a telling example, IMHO. <<

Yes, but you could make the same "argument" about every publicly-traded company, couldn't you? Every large company is heavily owned by institutions, every buyer of a stock thinks it will go up, fraud by nature is a surprising discovery. KO may be next.

TYC has been besieged with allegations of accounting issues, though none have ever been proven. The accounting at WCOM was never questioned, until the admission of fraud. So perhaps a more compelling claim could be made for the inoculatory powers of public scrutiny.
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