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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, July 23, 2008
PegaWORLD Agility '08 to Showcase Business Process Transformation Thought-Leadership from Accenture, Capgemini, Cognizant, CSC, IBM, Printsoft, PricewaterhouseCoopers, Rulesware, Satyam, and Virtusa
Comtex
CAMBRIDGE, Mass., Jul 23, 2008 (BUSINESS WIRE) ----Pegasystems, Inc. (NASDAQ: PEGA), today announced that PegaWORLD Agility '08 will feature a Technology Pavilion with strategic partners showcasing their innovative business transformation solutions. PegaWORLD Agility '08 takes place October 19-21 at the Gaylord National Hotel in Washington, D.C.
The PegaWORLD Agility '08 Technology Pavilion will feature partner offerings, industry solutions, and complementary technologies to Pegasystems' SmartBPM(R) Business Process Management (BPM) solutions. Executives from the participating partner companies will also present case studies that examine business growth opportunities, best practices and operational excellence.
"Successful business strategies often require a fresh approach," said Alan Trefler, CEO of Pegasystems. "We are pleased to have our strategic business partners, who have been critical to our customers' success, participate at PegaWORLD this year. They will be demonstrating innovative ways to approach today's business challenges as well as showcasing how their BPM deployments have improved business processes, streamlined efficiencies and increased revenue."
To register or to learn more about PegaWORLD Agility '08, visit www.pegaworld2008.com.
About PegaWORLD Agility '08
PegaWORLD Agility '08 will host more than 650 attendees from across a variety of industries including financial services, healthcare, government and insurance. Keynote presentations will be delivered by Congressman Barney Frank (D-MA), Chairman of the House Financial Services Committee, Forrester founder and CEO George Colony, Pegasystems CEO, Alan Trefler and others. The conference program will feature customer case studies, best practice implementation sessions, product training and a Technology Pavilion showcasing new product features and offerings from Pegasystems and its partners. Attendees will have the opportunity to connect with peers across various industries, and see first-hand how some of the world's largest and most innovative companies have successfully increased their business agility with Pegasystems Build for Change(R) technology.
About Pegasystems
Celebrating its 25th Anniversary year, Pegasystems (NASDAQ: PEGA), the leader in Business Process Management, provides software to drive revenue growth, productivity and agility for the world's most sophisticated organizations. Customers use our award-winning SmartBPM(R) suite to improve customer service, reach new markets and boost operational effectiveness.
Our patented SmartBPM technology makes enterprise applications easy to build and change by directly capturing business objectives and eliminating manual programming. SmartBPM unifies business rules and processes into composite applications that leverage existing systems -- empowering businesspeople and IT staff to Build for Change(R), deliver value quickly and outperform their competitors.
Pegasystems' suite is complemented by best-practice frameworks designed for leaders in financial services, insurance, healthcare, government, life sciences, communications, manufacturing and other industries.
Headquartered in Cambridge, MA, Pegasystems has offices in North America, Europe and Asia. Visit us at www.pega.com.
All trademarks are the property of their respective owners.
SOURCE: Pegasystems, Inc.
Media Strategies, Inc. Cheryl Delgreco, 617-723-4004 cdelgreco@msipr.com or Liora Bram, 617-864-3931 lbram@msipr.com
Copyright Business Wire 2008 ********************************************************************** As of Saturday, 07-19-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated an UPTREND on 07-17-2008 for IBM @ $125.20. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright � 2004-2008 Comtex News Network, Inc. All rights reserved.
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