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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
Tuesday, May 13, 2008
Orbitz Worldwide, Inc. to Present at Goldman Sachs Conference on May 22
Comtex
CHICAGO, May 13, 2008 /PRNewswire-FirstCall via COMTEX News Network/ ----Orbitz Worldwide, Inc. (NYSE: OWW) will present at the Goldman Sachs Global Internet Conference in Las Vegas, Nevada, on Thursday, May 22, 2008. Steven Barnhart, President and CEO, will present at 11:45 a.m. PDT. A live audiocast of the presentation can be accessed through the Orbitz Worldwide Investor Relations website at http://www.orbitz-ir.com.
The recorded audiocast will be archived on the Orbitz Worldwide Investor Relations website for approximately 60 days after the date of the call. Slides accompanying the presentation will be available on the Orbitz Worldwide Investor Relations website.
About Orbitz Worldwide
Orbitz Worldwide (corp.orbitz.com) is a leading global online travel company that uses innovative technology to enable leisure and business travelers to research and book a broad range of travel products offered by over 75,000 suppliers worldwide. Orbitz Worldwide owns and operates a portfolio of consumer brands. In the U.S., those brands include Orbitz (http://www.orbitz.com) and CheapTickets (http://www.cheaptickets.com), a leading online site for discounted leisure travel products. Orbitz Worldwide's international brands include ebookers (http://www.ebookers.com), a leading full-service online travel company in Europe, serving customers through 13 country-specific websites; HotelClub (http://www.hotelclub.com), a global accommodation specialist website offering hotels in approximately 120 countries; and RatesToGo (http://www.ratestogo.com), which offers last-minute hotel reservations worldwide. The Away Network (http://www.away.com) specializes in providing travel content for travelers seeking unique experiences and activities. Orbitz for Business (http://www.orbitzforbusiness.com) is a full-service managed business travel program offering a portfolio of business travel products for small to large companies. Orbitz Worldwide is listed on the New York Stock Exchange (NYSE: OWW).
SOURCE Orbitz Worldwide, Inc.
http://www.orbitz.com
Copyright (C) 2008 PR Newswire. All rights reserved
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