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Economy / Nasdaq / Inflated Stocks #195541

ABC Evening News for Saturday, Feb 17, 2001
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(Studio: Elizabeth Vargas) The year-long drop in NASDAQ noted.

(New York: Andy Serwer) The collapse of the stocks like Critical Path (CPTH) after news that it inflated business number became public examined; details given of the investigation into revenue statements from Lucent Technologies and MicroStrategy. [Investor Geraldine CARLY - talks about watching their CPTH stock, which became worthless; says her husband, who has cancer, now has to continue working.] [Outgoing Securities and Exchange Commission chairman Arthur LEVITT - says some companies are cooking the books.]

Serwer, Andy;
Vargas, Elizabeth

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