Vorsicht mögliches US Blutbad heute, S&P kritisiert aufgeblähte Gewinne - 500 Beiträge pro Seite

[Mentat]

In einem neuen Report hat Standard and Poors die Bilanzierungspraktiken vieler renommierter US Konzerne kritisiert.
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Some of America`s best-known and most respected companies are overstating their earnings by billions of dollars, according to credit rating giant Standard and Poor`s.

A report just released by the agency accuses the likes of Dupont, IBM, General Electric, Microsoft and Cisco of consistently inflating their profits

It finds that corporations have been boosting their numbers by including income from their pension funds, adding back charges made when buying companies and not allowing for the cost of share option plans.

When these changes are taken into account, some of the big profits declared by US giants virtually disappear.

For example, the $4.33bn of earnings declared by chemical group Dupont in 2001 fall to a loss of $49m under S&P`s calculation – a difference of $4.38bn. IBM`s 2001 profits are down $2.87bn, Microsoft`s $2.26bn lower, and the $1.01bn loss made by internet giant Cisco soars to $2.52bn.

General Electric, the largest corporation in the world, is found to be a consistent offender. In 2001 it overstated its earnings by $2.23 bn, in 2000 by $1.93bn, in 1999 by $1.43bn, and in 1998 by $1.01bn.

Among smaller but well-known names, the inflation of profits is also prevalent. The Gap, Apple and Yahoo! are all cited as companies where "core earnings" are a fraction of those reported to the markets.




http://news.independent.co.uk/business/news/story.jsp?story=…

[mrbody]

Wenn es ein Blutbad geben würde, würden die Futures wenigstens 3% im Minus sein!

[bartiromo]

Bist Du ein Shortseller?

[SEG2]

So schnell geht das nicht! Big Money verkauft in steigende Kurse.

Die Amis haben aber wegen dem 4. Juli ein langes Wochenende. Mit steigenden Kursen rechne ich daher zumindest bis Dienstag Abend nicht.

[Mentat]

Tja dann gab es wohl doch noch ein Blutbad....
Der Vertrauensverlust ist schleichend und noch lange nicht ausgebadet.