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Technology Stocks : Modem Media . Poppe Tyson (Nasdaq: MMPT)

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To: ALTERN8 who wrote (819)2/27/2001 7:22:22 AM
From: RockyBalboa   of 821
 
Earnings delayed, no time schedule given. Nasdaq could halt the stok.

Related Quotes

MMPT
4 7/8
-7/32

delayed 20 mins - disclaimer


Tuesday February 27, 7:03 am Eastern Time
Press Release
SOURCE: Modem Media
Modem Media Postpones Announcement of Fourth Quarter and Year-End Results
NORWALK, Conn., Feb. 27 /PRNewswire/ -- Modem Media (Nasdaq: MMPT - news) today announced that it has postponed the announcement of its fourth quarter and year-end 2000 results. The announcement was originally scheduled for 5:00 pm today. Modem Media is delaying the announcement pending completion of its regular quarter-end impairment analysis of the goodwill recorded in connection with its February 2000 acquisition of Vivid Holdings, Inc. The amount and the timing of the non-cash charge, if any, resulting from the goodwill analysis is still under review. As of September 30, 2000, $56.0 million in goodwill associated with the Vivid transaction remained on the Company's balance sheet. Modem Media expects to announce its results promptly after the completion of the review and will send out a press release with the information on the rescheduled call as soon as it is available.
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