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, July 10, 2008

SourceForge Releases iPhone Application

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Comtex

MOUNTAIN VIEW, CA, Jul 10, 2008 (MARKET WIRE via COMTEX) ----SourceForge, Inc. (NASDAQ: LNUX), the leader in community-driven media and e-commerce, today announced the release of an application for the iPhone and iPod Touch that will allow users to easily view and explore the latest news items from the SourceForge web sites. The application, called "SFNetNews," will provide content from Slashdot, SourceForge.net, and freshmeat.

"Breaking news on high-tech topics is extremely well-suited for the iPhone," said Jon Sobel, group president, SourceForge Media. "Slashdot readers, in particular, are heavy users of cutting-edge devices, and the iPhone is no exception. We're very excited to provide them with a superior mobile browsing experience."

The application will be available free of charge on the Apple App Store.

About SourceForge, Inc.

SourceForge's media and e-commerce web sites connect millions of influential technology professionals and enthusiasts each day. Combining user-developed content, online marketplaces and e-commerce, SourceForge is the global technology community's nexus for information exchange, goods for geeks, and open source software distribution and services. SourceForge's network of web sites serves 32 million unique visitors each month* and includes: SourceForge.net, Slashdot.org, ThinkGeek.com, Linux.com, freshmeat.net, ITManagersJournal and NewsForge.com. For more information or to view the media kit online, visit www.sourceforge.com. (*Source: Google Analytics and Omniture, April 2008.)

SourceForge, SourceForge.net, Slashdot, freshmeat, and ThinkGeek are registered trademarks of SourceForge, Inc. in the United States and other countries. All other trademarks or product names are property of their respective owners.

 Media Contact: Jesse
   Casman SourceForge, Inc. 1-415-321-2347 Email Contact

SOURCE: SourceForge, Inc.

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