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Technology Stocks : Compaq
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To: Andreas who wrote (80203)3/24/2000 6:05:00 PM
From: Captain Jack  Read Replies (2) of 97611
 
ROFLMAO-- Sold to CPQ--
OMAHA, Neb., March 24 (Reuters) - Inacom Corp. <ICO.N> said
on Friday it will restate results for its fiscal 1999 fourth
quarter and full-year, but the restatement is not expected to
have any impact on the present financial condition of the
information technology services company.
Inacom will report the restated results in its annual
report, but said it will request an extension until April 10 to
file the report.
The restatements will be made to recognize a portion of the
previously announced charge to increase accounts receivable
reserves.
The accounts receivable at issue primarily relate to the
company's former product customization and logistics
operations, which were sold to Compaq Computer Corp. <CPQ.N> on
February 16.
Inacom also said the audit committee of its board of
directors started a review of matters relating to the
restatement.
((--Chicago Equities News at 312-408-8787,
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