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Technology Stocks : Optical Cable Corporation - OCCF -- Ignore unavailable to you. Want to Upgrade?


To: ChrisJP who wrote (196)12/29/2001 3:15:59 PM
From: Fiscally Conservative  Read Replies (1) | Respond to of 449
 
Remember this;Optical Cable Corporation Expects to End Fiscal Year on Positive Sales Note
ROANOKE, Va., Nov 5, 2001.
"No conclusions should be drawn as to net income for the year at this time, in part because the Company had over $11 million in securities trading losses during fiscal 2001," observed Neil Wilkin, the Company's Senior Vice President & Chief Financial Officer. "While the trading losses will distort the results for fiscal 2001, they will not be a factor going forward."
So I would expect that the writeoff relating to their security losses should be finished. Is this your understanding too?