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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?


To: Mike E. who wrote (91704)4/3/2000 8:50:00 AM
From: Wes Stevens  Read Replies (1) | Respond to of 108040
 
This one is going to hurt:

08:23 ET Legato Systems (LGTO) 44 5/8: Company announces it will be restating 1999 financial results. Company also puts Q1 revenue at $54 to $56 mln, SG Cowen's estimate was $74 mln. Auditors are reviewing 1999 results. LGTO says some sales reps entered into "side deals" that involved $7 mln in Q4 revenues.