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Technology Stocks : ACTM $100 Million Cable Modem Contract with MOT

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To: Rob Preuss who wrote (463)2/25/1998 4:44:00 PM
From: DD™  Read Replies (1) of 1250
 
Taken from Breifing.com...

"ACT Manufacturing (ACTM) 16 1/2 -1/8: provider of contract manufacturing services says it will delay the reporting of 4th
qtr numbers to check an inventory shortfall; says internal audit found a significant shortfall, one that is expected to have a material impact on results... "

Do I see a shareholder lawsuit on the horizon? Management may just have lost all credibility after this latest debacle. To be announcing an inventory shortfall the day of earnings is unconscionable.

DD
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