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  "authorName": "Ben Axler",
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  "notes": "Uses a legal precedent to establish a pattern of behavior (historical analogy).",
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      "kind": "callout",
      "text": "Kerry Chambers, et al. vs. Amdocs Limited, et al.",
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      "text": "From Q2 2001 through Q1 2002, excluding the results of Clarify (acquired in late 2001) Amdocs lowered its allowance for doubtful accounts (\"ADA\"), even as its receivable days sales outstanding (\"DSO\") figures grew. Thus, even though it took longer on average to get paid, Amdocs took the position that it was more likely to be paid amounts outstanding;",
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      "text": "Remarkably, the plaintiffs in the 2002 class action case identified precisely the same signs of aggressive accounting which we observe today. This gives us confidence that these patterns are not merely an anomaly, but signs of real strain, and perhaps an indication that management is taking measures to hide revenue contraction similar to those which it took during the dot com bust.",
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      "text": "By mid-2001, defendants were desperate to maximize Amdocs' fading revenues. As set forth below, Amdocs began to employ various accounting tricks which materially misled investors concerning the true state of Amdocs' business operations, including:",
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      "text": "Amdocs attributed a $13 million increase in its ADA to Clarify's ADA, even though the ratio of Clarify's allowance to its gross accounts receivable would thus climb to 34% for the period ended November 28, 2001, though it was only 6.8% two months earlier;",
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