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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
Monday, August 18, 2008
SCM Microsystems to Exhibit at 2008 LandWarNet Conference
Comtex
FREMONT, Calif., Aug 18, 2008 /PRNewswire-FirstCall via COMTEX/ ----SCM Microsystems, GmbH. (Nasdaq: SCMM, Prime Standard: SMY), a leading provider of solutions that open the Digital World, announced today that it will be exhibiting its smart card interface solutions at the 2008 LandWarNet Conference, being held at the Broward County Convention Center in Ft. Lauderdale, Florida, August 19-21, 2008.
SCM will be demonstrating a range of secure smart card readers for U.S. government authentication programs such as Common Access Card (CAC) and Homeland Security Presidential Directive 12 (HSPD-12). Designed to be compatible with both existing and future identification credentials issued under HSPD-12 for federal agencies, SCM's readers are included on the U.S. General Service Administration's FIPS 201 Approved Product List and compliant with Personal Identification Verification (PIV) II and Transportation Security Administration (TSA) requirements. SCM is a world leader in smart card interface technology and since 2002 has provided over two million contact and contactless readers to the U.S. government through its partner network. SCM's smart card interface solutions can been seen in the US Falcon booth, #902.
Presented by the Armed Forces Communications and Electronics Association (AFCEA), the 2008 LandWarNet Conference brings together government and industry to openly communicate commercial best business practices and government implementations. The show is the largest and most complete Defense, Communications and Information Technology event in the U.S. Southeast. For more information, visit the Events page on the AFCEA website at http://www.afcea.org.
About SCM Microsystems
SCM Microsystems is a leading provider of solutions that open the Digital World by enabling people to conveniently access digital content and services. The company develops, markets and sells the industry's broadest range of contact and contactless smart card reader technology for secure PC, payment systems, network and physical access, and digital media readers for transfer of digital content to OEM customers in the government, financial, enterprise, consumer electronics and photographic equipment markets worldwide. Global headquarters are in Ismaning, Germany. For additional information, visit the SCM Microsystems web site at http://www.scmmicro.com.
SOURCE SCM Microsystems
http://www.scmmicro.com
Copyright (C) 2008 PR Newswire. All rights reserved
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