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Technology Stocks : RGFX Raster Graphics
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To: Richard Haugland who wrote (492)2/3/1998 9:44:00 PM
From: Fred Fahmy  Read Replies (1) of 593
 
Hi Richard,

<IMO, restatement of revenues is perhaps the worst thing a company could be forced to do. Appears to be real incompetence here.>

What a shame. This appears to be yet another example of a good business opportunity being mismanaged.

This is from last Q's press release:

Therefore, although we fully expect to finish 1997 with record annual results, we are currently planning for somewhat slower growth rates in the foreseeable future.

Sure things happen..... but going from guidance of record annual results to record losses makes you wonder.

Good luck,

FF
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