Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Viasource Communications Inc. - VVVV -- Ignore unavailable to you. Want to Upgrade?

To: Jim Oravetz who wrote (17)	2/26/2001 9:40:10 PM
From: Jim Oravetz	Read Replies (1) \| Respond to of 27

Viasource Communications Inc. (VVVV, news, msgs) will delay reporting its fourth quarter results as it reviews the recoverability of certain intangible assets and related goodwill. In a press release, the broadband technology company said it expects to recognize an impairment loss on these assets in the fourth quarter. Viasource plans to report its results during the week of March 19. Previously, the company scheduled its earnings release for March 1. On Jan. 5, the company estimated its fourth quarter loss was 6 cents to 8 cents a share, wider than the 4-cents-a-share consensus loss estimate at that time, citing a shortfall at its DSL connectivity business and costs from the rollout of satellite and wireless fulfillment services. A revised First Call/Thomson Financial survey of four analysts yielded a fourth quarter loss estimate of 6 cents a share. Viasource shares closed Friday at $1.13, down 13 cents or 10%.