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 : Nortel Networks (NT)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Elroy who wrote (13781)3/16/2004 12:05:53 PM
From: John J H Kim   of 14638
 
Dow Jones Newswires PALO ALTO, Calif. -- For the second year in a row, Veritas Software Corp. (VRTS) is restating revenue and income from the tenure of former Chief Financial Officer Kenneth Lonchar.

The keyword here I think is FORMER. many of these companies just want to come clean and get things in order.

No doubt the market still has a bad taste in their mouth with Enron, Worldcon, etc.

So it's "shoot first ask questions later" mentality. Not too mention, this market is not forgiving of news like these at the moment. If the same news had come out few months ago, it would have been a "so what?"

I've got VRTS on my trade list. <g>
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext