INFORMATION ANALYSIS (IAIC) - YEAR 2000 Date Remediation Message Board

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Technology Stocks : INFORMATION ANALYSIS (IAIC) - YEAR 2000 Date Remediation

IAIC 4.280

+12.3%

Dec 16 4:00 PM EST

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To: Henry who wrote (1765)	7/20/1998 4:07:00 PM
From: _scott	of 2011

N.S.'s reason for delay . . . Scott: You can blame this one squarely on me. We set (or rather, I set) too aggressive an earnings reporting date. There's an axiom that "good" companies report early, and I want IAI to be known as a "good" company. Our problem, however, is that our sales come from disparate sources and there must be a complete audit trail for those sales. Moreover, we're a company with a relatively small accounting department and, hence, fewer people to complete the close. With the benefit of 20/20 hindsight, we ought to have set an original reporting date in the fourth week of the month following the close; not the third week. We can then advance the date to an earlier schedule only when we have all of the checks in place to be comfortable reporting at an earlier date. That way, we don't end up causing heartburn by pushing back our earnings reporting date. Neal Sanders

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