Hoover's Inc (HOOV) Message Board

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Technology Stocks : Hoover's Inc (HOOV)

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To: A.L. Reagan who wrote (803)	9/26/2001 4:44:37 AM
From: Elroy	Read Replies (2) of 848

Who writes these guy's press releases? biz.yahoo.com After describing a 20% workforce reduction, lower salaries for executive management and discontinuation of some product lines, they conclude: "We are hopeful that these actions will enable us to improve our top and bottom line results and advance us toward our goal of delivering net income profitability no later than the quarter ending March 31, 2002." How can cutting staff, expenses and product lines improve top line results? It can help profitability by cutting fat, but how would it improve revenues? And interesting that they say they expect to become net income positive in March. I wonder how they are going to overcome the $6 million per quarter amortization charge? Maybe the new accounting rules that eliminate goodwill allow them to just cancel this line item so it's not a big deal. Elroy

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