In 2000, Raymond Mullaney contacted the Securities and Exchange Commission to raise concerns about potentially misleading earnings presentations by General Electric and Cisco Systems. This letter from the SEC, dated October 2000, is the Commission's response to those concerns. Within two years of the correspondence, Cisco lost 83% of its value and GE lost 62% — erasing over two-thirds of a trillion dollars in combined market capitalization between September 2000 and October 2002.
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