Mars,
what is absoulutly staggering is how people fail to realize is that:
VeriSign-
The second-quarter loss widened to $11.2 billion, or <$55.49> a share, from a loss of $453 million, or $3.37 a share, a year earlier
The company said the $9.9 billion in costs in the recent period covered part of the goodwill it expected to write down from acquisitions it made in stock in the past two years.
``Macroeconomic conditions have led to a reduction in market value for these acquisitions,'' Evan said.
quote.bloomberg.com
Proforma- which is just a scam to get investors to think a stock is actully worth something even decreased...
said it had a fiscal fourth-quarter net loss of $7.9 billion, or $5.99 a share, compared with a net loss of $418.8 million, or 54 cents a share, for the same period a year earlier due to a "severe industry downturn."
On a pro forma basis, which excludes a one-time charge of $6 billion to write down goodwill
JDSU- bringing its full-year loss to $50.6billion, the largest in U.S. history.
JDS Uniphase will restate fiscal third-quarter results to reduce goodwill by $38.7 billion, the biggest writedown ever by a U.S. company. The loss for the year ended June 30 was <$46.30> a share. |
