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Just like you never want to hear a doctor say "oops" in the operating room, you never want to see a going-concern statement
in a financial report about a company you own. Accountants throw these in when they've been over the books, talked to customers,
and checked the horoscopes and have concluded there is "substantial doubt" about a company's ability to remain in business.
In short, don't blame the accountants if the company files for bankruptcy protection.
You¿d reckon that a going-concern
statement would be enough to send investors running to the exits, but it's not. True, many large institutions automatically
bail when an existing company gets slapped with one of these, but many individuals (often wrongly) take a chance they know
more than the bean counters.
During the tech boom of the late 1990s, many companies actually went public even though they had been hit with going-concern statements. Many of those companies subsequently disappeared. Enough said.
Home / Markets / Industries / Technology
Wednesday, June 18, 2008
Netezza Expands Presence in Italy
Comtex
MILAN, Italy, Jun 18, 2008 (BUSINESS WIRE) ----Netezza (NYSE Arca: NZ) today announced that it has expanded its physical presence in Italy and enhanced its three-year relationship with BI services specialist, ICare, with the appointment of a Milan-based team. The data warehouse appliance pioneer is experiencing continued growth in Italy through ICare, with customers using Netezza to power BI analysis not possible on their previous legacy infrastructures. The success was marked by a celebration event at the Sheraton Diana Majestic Hotel in Milan on 18th June 2008.
ICare's General Manager, Giovanni Faccioli explained, "Netezza is now routinely specified by many of the Country's leading organizations when considering data warehousing and BI initiatives, as older architectures can be fraught with risk. The ability to manage spiraling data volumes into the future, rising costs, and power, cooling and physical space requirements in the data centre are now major factors in many decisions. For many companies the safe and logical investment is invariably Netezza."
Joe Napoli, country manager for Netezza in Italy added, "Three years ago, we selected ICare based on its credentials selling and implementing BI and clickstream solutions, and the partnership very quickly produced its first customer - a leading Italian retailer. The relationship has since gone from strength to strength."
Netezza systems are built specifically to analyze terabytes of detailed data significantly faster than existing data warehouse options, at a much lower total cost of ownership. They store, filter and process terabytes of records within a single unit, analyzing only the relevant information for each query. Netezza has placed the CPU power next to the data, allowing its systems to speed through processes that would occupy most data warehouse systems for hours, or even days, thereby enabling dramatic increases in productivity across the organization.
About Netezza
Netezza is the global leader in data warehouse and analytic appliances that dramatically simplify high-performance analytics for business users across the extended enterprise, delivering significant competitive and operational advantage in today's information-intensive marketplaces. The Netezza Performance Server(R) (NPS(R)) family of streaming analytic(TM) appliances brings appliance simplicity to a broad range of complex data warehouse and analytic challenges. Customers who have realized the benefits of Netezza appliances include Ahold, Amazon.com, CNET Networks, Debenhams, Department of Veterans Affairs, Epsilon, Nationwide, Neiman Marcus, Orange UK, Premier, Inc., Ross Stores, Ryder System, Inc., The Carphone Warehouse, Telecom Italia and Virgin Media. Based in Marlborough, Mass., Netezza has offices in Washington, DC, the United Kingdom, France, Germany, Italy, Japan, Australia and India. For more information about Netezza, please visit www.netezza.it. Netezza, Netezza Performance Server, NPS and streaming analytic are trademarks of Netezza Corporation. Other names may be trademarks of their respective owners.
SOURCE: Netezza
ICare Tiziana Ragusa, +39-02-55184462 tragusa@icare.it or Proud PR Natalie Sutton, +44 (0)1276 679570 netezza@proudpr.com
Copyright Business Wire 2008
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