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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
Thursday, May 15, 2008
Report: RIM to Introduce Touch-screen BlackBerry
FOXBusiness
Fans of the iPhone touch-screen will soon have an alternative. According to The Wall Street Journal, Research in Motion Ltd. (RIM) is planning to introduce a touch-screen version of the BlackBerry in the third quarter.
The device, called the Thunder, will be sold exclusively through Verizon Wireless in the U.S. and Vodafone PLC overseas, inside sources told the newspaper.
The new device marks RIM’s attempt to expand beyond the corporate sector in the US and Canada, through superior processing, browsing, battery life and faster networks, The Journal reports.
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