NUANCE COMMUNICATIONS (NUAN) -- Voice Interface Software Message Board

STOCKTALK

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 : NUANCE COMMUNICATIONS (NUAN) -- Voice Interface Software

NUAN 54.84

0.0%

Aug 11 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: slave who wrote (50)	8/5/2000 1:33:53 PM
From: Lizzie Tudor	Read Replies (1) of 191

It was announced way before the open on friday (2 am) and the stock barely budged. I've been in a few companies where it was stated that the number of outstanding shares was going to change (in the next qtr) due to this conversion of all the classes of stock that happens after IPO. It doesn't seem like the street cares about this kind of "restatement" - don't you think calling this book-cooking is a little harsh? When I first saw this I thought it might present a buying opportunity - I was expecting some difficulty with revenue recognition on some OEM deals but it wasn't even that severe. All outstanding preferred shares of Nuance were converted to common shares in connection with the company's initial public offering on April 13, 2000, resulting in the difference between basic and diluted net loss per share and pro forma basic and diluted net loss per share during the second quarter. The correction does not affect reported revenue or net loss and does not involve any restatement of results. The corrected consolidated statement of operations is attached to this release.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next