Re: Beware: CompUSA Hard Drive theft! Don't buy there!

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#804

From: John Navas
Date: Tue, 08 Jun 1999 00:00

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Dark Jedi <spamtrap@a-jediknight.webaxxs.net> wrote:

>this reminds me of the old Miniscribe scandal. Many moons ago when
>Miniscribe existed, the CEO and CFO saw that they were going to go
>under. So the ramped up production and sent out outrageous sales
>projections. when the stock got high enough, they sold all theirs. BUT:
>the cost of production was so hight, to last long enough, they ordered
>that the drive boxes be sent packaged with a brick instead of a drive.
>They went to jail, of course, but fraud like that gets 5 years or so in
>low security (Club Fed)

Your basic idea is correct, but the facts are a bit off the mark.  The
bricks were used for "channel stuffing" to inflate reported sales under the
assumption that they would be returned unopened as overstock after the end
of the quarter.  And there was never any real evidence of stock fraud.

-- 
Best regards,
John  mailto:jnavas@aimnet.com  http://www.aimnet.com/~jnavas/

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From: jnavas@aimnet.com (John Navas)
Subject: Re: Beware: CompUSA Hard Drive theft! Don't buy there!
Date: 1999/06/08
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