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Technology Stocks : Vari-L (VARL)
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To: Bosco who wrote (2493)9/12/2000 11:19:42 AM
From: Madharry  Read Replies (1) of 2702
 
30-35MM is just an unbelievable write down considering that the company at 3/31/00 had equity of $52MM or so and assets included $12MM or so of cash and short term investments.
Sounds like their previous auditors are going to get sued too. That is a far cry from mistating a couple of million dollars worth of revenues. The news release leaves a lot to be desired too imho. What will be the fate of the insiders/creative people?
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