IFMX - Investment Discussion Message Board

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Technology Stocks : IFMX - Investment Discussion

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To: Lee L. who wrote (8958)	1/25/1998 8:04:00 AM
From: J Bertrand	Read Replies (3) of 14631

Lee, I have to disagree with your statement "Given the work required for restatement, they should have a handle on every order, every invoice, every journal entry--everything!" After a 250 million dollar restatement, I think the company is simply checking and double checking. They want to make sure everything is presented correctly. They are probably rechecking every transaction. Right now, it is EXTREMELY important that this company presents a clean set of books. I am not an accountant, but if I were faced with these kinds of problems, I might take an extra couple of weeks for a while to make sure everything was being done perfectly. I don't see a problem in the delay or any need for concern. February 11th after the bell is the date. By the way, while everyone considers the earnings, just remember that Bob Finocchio is on record saying that they were just a few orders away from breakeven. Check News.com story sometime in November. I don't think this statement from a very conservative CEO should be taken lightly. Good luck. Jeff Bertrand

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