CFO.com - Spate of Writeoffs Calls 1990s Profit Boom Into ...

Spate of Writeoffs Calls 1990s Profit Boom Into Question. Was the corporate-profits miracle of the late 1990s partially a mirage? The recent spate of writeoffs by major firms like AT&T Corp., Cisco Systems Inc., Lucent Technologies Inc., Nortel Networks Inc., Walt Disney Co., and Wells Fargo Inc. calls into question the lofty profits of the 1990s, says the Wall Street Journal. ................
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