TIME FOR DIOMED HUMOR OF THE DAY;
By: tonto $$$$$
16 Mar 2002, 09:15 AM EST Msg. 120 of 121
(This msg. is a reply to 119 by monjohn0.)
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
To Diomed, Inc.:
We have audited the accompanying consolidated balance sheets of Diomed, Inc. (a
Delaware corporation) and subsidiary as of December 31, 1999 and 2000, and the
related consolidated statements of operations, stockholders' equity (deficit)
and cash flows for each of the years in the three-year period ended December 31,
2000. These financial statements are the responsibility of the Company's
management. Our responsibility is to express an opinion on these financial
statements based on our audits.
We conducted our audits in accordance with auditing standards generally accepted
in the United States. Those standards require that we plan and perform the audit
to obtain reasonable assurance about whether the financial statements are free
of material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and significant estimates
made by management, as well as evaluating the overall financial statement
presentation. We believe that our audits provide a reasonable basis for our
opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of Diomed, Inc. and subsidiary as
of December 31, 1999 and 2000, and the results of their operations and their
cash flows for each of the years in the three-year period ended December 31,
2000 in conformity with accounting principles generally accepted in the United
States.
/s/ Arthur Andersen LLP
Boston, Massachusetts
September 26, 2001
(except with respect to the
matter discussed in Note 16,
as to which the date is
February 14, 2002)
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