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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.
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Sunday, October 05, 2008
Top 25 Rankings of the Harris Interactive College Football Poll
Comtex
ROCHESTER, N.Y., Oct 05, 2008 (BUSINESS WIRE) ----Today's Harris Interactive College Football PollSM shows the Top 25 results compiled from rankings submitted by the Harris Interactive panel of former coaches, players and administrators, and current and former members of the media. The top five teams from last week all maintained their position, as Oklahoma keeps the number one ranking and LSU again edged Alabama for second place. Missouri and Texas again round out the top five.
Highlights of October 5 Harris Interactive College Football Poll
Rank Team Record Points Previous Game Next Game Previous Week's Rank (weekend of Oct. 4) (weekend of Oct. 11) 1 Oklahoma (106) 5-0 2,837 Beat Baylor 49-17 No. 5 Texas 1 2 LSU (2) 4-0 2,604 Idle at No. 11 Florida 2 3 Alabama (6) 6-0 2,594 Beat Kentucky 17-14 Idle 3 4 Missouri 5-0 2,553 Beat Nebraska 52-17 No. 17 Oklahoma State 4 5 Texas 5-0 2,447 Beat Colorado 38-14 at No. 1 Oklahoma 5 6 Penn State 6-0 2,210 Beat Purdue 20-6 at No. 24 Wisconsin 6 7 Texas Tech 5-0 2,036 Beat Kansas State 58-28 Nebraska 8 8 USC 3-1 2,025 Beat No. 21 Oregon 44-10 Arizona State 7 9 BYU 5-0 1,964 Beat Utah State 34-14 New Mexico 9 10 Georgia 4-1 1,803 Idle Tennessee 10 11 Florida 4-1 1,768 Beat Arkansas 38-7 No. 2 LSU 11 12 Ohio State 5-1 1,577 Beat No. 16 Wisconsin 20-17 Purdue 14 13 Utah 6-0 1,416 Beat Oregon State 31-28 at Wyoming 15 14 Vanderbilt 5-0 1,327 Beat No. 13 Auburn 14-13 at Mississippi State 19 15 Boise State 4-0 1,177 Beat Louisiana Tech 38-3 Southern Miss 18 16 Kansas 4-1 1,157 Beat Iowa State 35-33 Colorado 17 17 Oklahoma State 5-0 964 Beat Texas A&M 56-28 at No. 4 Missouri 23 18 Virginia Tech 5-1 802 Beat Western Kentucky 27-13 Idle 22 19 South Florida 5-1 593 Lost to Pittsburgh 26-21 Idle 12 20 Auburn 4-2 456 Lost to No. 19 Vanderbilt 14-13 Arkansas 13 21 Michigan State 5-1 424 Beat Iowa 16-13 at No. 23 Northwestern n/a 22 Wake Forest 3-1 351 Idle Clemson (Thur) 25 23 Northwestern 5-0 268 Idle No. 21 Michigan State n/a 24 Wisconsin 3-2 233 Lost to No. 14 Ohio State 20-17 No. 6 Penn State 16 25 North Carolina 4-1 194 Beat Connecticut 38-12 Notre Dame n/a
Number of first place votes shown in parentheses.
Other teams receiving votes: California (Cal) 169; Tulsa 143; TCU 139; Georgia Tech 126; Florida State 119; Illinois 108; Ball State 85; Pittsburgh (Pitt) 74; Kentucky 61; Oregon 51; Notre Dame 40; Boston College 38; Fresno State 36; Connecticut 29; Arizona 25; Minnesota 11; Maryland 10; West Virginia 3; Mississippi 2; UCLA 1.
Dropped out of Top 25: Fresno State; Oregon, Connecticut.
Poll Methodology and Process
The 2008 Harris Interactive College Football Poll is comprised of former players, coaches, administrators and current and former members of the media who have committed to submit rankings for the top 25 college football teams each week. These panelists were randomly selected from among more than 300 nominations submitted by the 11 Division I-A Conference offices and the independent schools. The panel has been designed to be a statistically valid representation of all 11 Division I-A Conferences and independent institutions. Today, 114 poll participants submitted their top 25 college football team rankings.
The 11 Division 1-A ConferenceCommissioners and Notre Dame Athletics Director Jack Swarbrick decided not to accept the Harris Interactive recommendation to apply a standard statistical practice that addresses potential instability, error or bias associated with unusual ranking patterns. This process, which began in 2005, will remain the same for the 2008 season. Each week Harris Interactive will conduct a thorough verification of the results, and the rankings will stand as submitted.
This week's rankings and other information about the poll can be found at www.harrisinteractive.com/bcspoll and www.bcsfootball.org.
About Harris Interactive
Harris Interactive is a global leader in custom market research. With a long and rich history in multimodal research, powered by our science and technology, we assist clients in achieving business results. Harris Interactive serves clients globally through our North American, European and Asian offices and a network of independent market research firms. For more information, please visit www.harrisinteractive.com.
SOURCE: Harris Interactive
Press: Harris Interactive Tracey McNerney, 585-214-7756 press@harrisinteractive.com
Copyright Business Wire 2008
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