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The high tech industry could suffer a fate similar to that of Enron according to a report by Booz Allen & Hamilton.
The consultancy has drawn attention to the fact that hi-tech product manufacturers often have purchasing commitments running into billions that could feasibly outstrip market demand for their products.
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| Consulting-Times E-zine
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These commitments are not shown on the firms` balance sheets, so unknown to shareholders firms may have huge liabilities.
The report analysed financial statements by 18 high-tech companies.
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