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Technology Stocks : FLIR Systems, Inc.
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To: j g cordes who wrote (19)3/6/2000 6:17:00 PM
From: Justice Reed   of 22
 
Purchasers 4/28/99 - 3/3/00
On March 6, 2000, FLIR Systems, Inc. announced that it expects revenue and net earnings for the fourth quarter to be materially below the Company's previously announced expectations and possibly reflect a loss for the quarter. FLIR also announced that its Vice President of Finance and CFO resigned following the discovery of several errors in its accounting records, including errors in consolidating entries made for its subsidiaries in both the U.S. and Europe, and that correcting these errors will have the effect of reducing revenue and net earnings relative to the Company's previously announced expectations. FLIR said that it will delay announcement of its financial results for the fourth quarter and 1999 until after the completion of the year-end audit of its financial statements, which is expected no later than the end of March. On news of the irregularities, FLIR lost more than 40% of its value in a single day's trading, closing at $10.

If you purchased FKIR shares during the period 4/28/1999 - 3/3/2000, you may be a member of a class of injured security holders. If you have information which would help us prosecute FLIR Systems Inc., please contact us at mail@schubert-reed.com. If you want more information about the case against FLIR Systems Inc. or class action lawsuits, please review our web site at schubert-reed.com.
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