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Technology Stocks : ICO (Inacom) LeadingTech Mgmt Services Co -- Ignore unavailable to you. Want to Upgrade?


To: Mark Adams who wrote (265)5/22/2000 10:19:00 PM
From: KLP  Read Replies (1) | Respond to of 274
 
NYSE said reviewing Inacom listing
NEW YORK, May 18 (Reuters) - The New York Stock Exchange said Thursday that it is reviewing the continued listing of Inacom Corp. (NYSE: ICO) after the company said it will restate several fiscal quarters.

The NYSE said that a halt on the trading of Inacom shares will continue until the exchange has completed its evaluation. When the evaluation is complete, the NYSE said it will either suspend or resume trading of the security.

On Wednesday, Inacom said it will restate results for the first three fiscal quarters of 1999 and for each of its 1998 fiscal quarters. The restatements are principally to recognize a portion of a previously announced special charge to increase accounts receivable reserves.

Shares of Omaha, Nebraska-based Inacom closed on Wednesday at 15/16.