SI
SI
discoversearch

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 : Network Associates (NET)
NET 248.11-2.0%9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Don Earl who wrote (5936)12/27/2000 12:50:53 PM
From: john dodson  Read Replies (1) of 6021
 
Excellent post, Don! Very informative. I suppose this is a key quote from the links you provided:

"The staff, however, will not object if registrants that have not applied this accounting do not restate prior financial statements provided they report a change in accounting principle in accordance with APB Opinion No. 20, Accounting Changes, and FASB Statement No. 3, Reporting Accounting Changes in Interim Financial Statements, no later than the fourth fiscal quarter of the fiscal year beginning after December 15, 1999."

That would be right about now! Haven't read yet whether NETA plans to "restate" revenues or not yet. However, unless you believe this is the beginning of the end for NETA, $3 and change is pretty cheap. If nothing else, these guys have got to be pretty attractive to the likes of CA and others. We'll see.

-John
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News