Ciphergen Biosystems(CIPH): Message Board

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Biotech / Medical : Ciphergen Biosystems(CIPH):

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To: winbiggs who wrote (382)	12/5/2005 3:41:53 PM
From: tuck	of 510

When this first came out, I did not think it was a big deal. But this passage from the PR gave me pause: >>The Committee and its advisors are currently reviewing the appropriateness of revenue recognition in connection with certain transactions that took place in the fourth quarter of fiscal 2004 and in fiscal 2005. Due to the ongoing nature of the Committee's investigation, the reported periods affected and the financial impact of the transactions described above may change as further information becomes available.<< Particularly the last sentence. How far back might they go, and how long will it take them to go wherever they have to? Holidays are coming up . . . Do the transactions involve contract revenue or machines or consumables? If the former, the effect could be more than just an adjustment of revenue from one period to the next. Tax loss selling very much in play here, and it might not stop unless they come out with something substantive in the next couple of weeks. And I don't think that's going to happen. I've been tempted to buy some down here, but I think it might be best to wait for January. JMHO. Cheers, Tuck

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