SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Corel Corp.
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mr. Bean who wrote (4048)12/22/1997 11:16:00 PM
From: Leo Mitkievicz   of 9798
 
Bean

They're not gonna restate the numbers. That's what the current finagling is about. That's why the earnings are "pro forma" so low. They can't give you the real numbers without self-incrimination and lawsuits so all is painted as excessive inventory in the channel.

<we're so sorry. our products just aren't selling. our historical run rates made us think we were on target. etc etc blah blah blah.>

In short they are trying to cover their asses while digging out from inside a cesspool. So take some lessons. This is how you do it. You're the accountant. You can almost pro-rate the losses going back, IMO, to the WP aquisition to see how extensive the fiscal deception has been. I agree completely that most of the damage was done before Q3 and Q4 of '97.

Leo
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News