Business Services Industry

Toolmaker Danaher Corp. (Company News).(says it complies with accepted accounting principles)(Brief Article)

Industrial Distribution, December, 2002

Toolmaker Danaher Corp. (NYSE:DHR) said it complies with accepted accounting principles. The statement was issued in response to market rumors triggered by an article on financial Web site TheStreet.com. The article questioned the quality of earnings at Danaher, a company that has expanded through serial acquisition.

The article also suggested Danaher may have "spring-loaded" its earnings by not adequately disclosing merger-related expenses. Danaher denied all accusations of wrong-doing.

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