SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : InfoSpace (INSP): Where GNET went! -- Ignore unavailable to you. Want to Upgrade?


To: sandintoes who wrote (11898)9/13/1999 5:07:00 PM
From: Tom Klempay  Read Replies (1) | Respond to of 28311
 
Usually, when a Co. has to change its financial statement and assets, it's not a good thing....

Definitely agree on that point, but has anyone actually read through the SEC filing before passing judgement? For the legalese-minded, here are links to the filings and maybe you can decipher it for the rest of us:
marketwatch.newsalert.com

marketwatch.newsalert.com

-tk



To: sandintoes who wrote (11898)9/13/1999 5:37:00 PM
From: V.  Read Replies (2) | Respond to of 28311
 
Your observation is often true, but typically applies in the case where a company has misrepresented or misreported its earnings. I don't see that here.

It appears that the details of recent acquisitions (Authorize.net and IQC, etc.) are being reported and the decrease in cash is attributable to the acquisition as well as the huge increase in intangible property (over 100M!).

So, unless I'm misunderstanding this PR, there seems to be nothing irregular here at all and is just the required & standard reporting post-acquisition that must be filed.