Due Diligence - How to Investigate a Stock Message Board

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Strategies & Market Trends : Due Diligence - How to Investigate a Stock

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To: Don Pueblo who started this subject	4/7/2001 12:06:04 PM
From: jbIII	Read Replies (2) of 752

How does anyone investigate to find this? CAMARILLO, Calif., March 29 /PRNewswire/ -- California Amplifier Inc. (Nasdaq: CAMP - news) today announced that during preparation for the Company's fiscal year 2001 audit examination, the Company's corporate controller abruptly resigned and advised by letter that in fiscal year 2000 he made certain adjustments to the Company's accounting records that caused a reduction in recorded expenses which may have resulted in overstating net income for the fiscal year ended February 26, 2000 by as much as $2.2 million, or $.18 per basic share. biz.yahoo.com NEW YORK, March 29 (Reuters) - Nasdaq on Thursday said the trading halt status on California Amplifier Inc. (NasdaqNM:CAMP - news) was changed to ``additional information requested'' from the company. biz.yahoo.com As a result of these findings Arthur Andersen LLP, the Company's Independent Public Accountants, has informed the Company that due to the misstatements it has withdrawn its Report of Independent Public Accountants on the Company's consolidated financial statements for the year ended February 26, 2000. biz.yahoo.com

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