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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 02, 2008
Sun Microsystems to Report Fourth Quarter Fiscal 2008 Financial Results on August 1, 2008
Comtex
SANTA CLARA, Calif., Jul 02, 2008 (BUSINESS WIRE) ----Sun Microsystems, Inc. (Nasdaq:JAVA) will report its fourth quarter fiscal year 2008 financial results on Friday, August 1, 2008. The company will host a conference call to review the results beginning at 5:00 a.m. PT / 8:00 a.m. ET. The general public can access the financial results and listen to the call via Sun's Investor Relations website at www.sun.com/investors.
Sun periodically webcasts company announcements, product launch events and executive presentations which can be viewed via its website at www.sun.com/investors. Sun encourages investors to check this website frequently for updates. In addition, Sun provides timely notifications of the company's material news including SEC filings, investor events, press releases and CEO blog postings as part of the Official Investor Communications section of its website. For more information about Sun's syndicated content service or RSS Feeds, please visit www.sun.com/aboutsun/investor/rss.jsp. To subscribe to Sun's Newswire Service for email-based updates on the company's latest news, please visit www.sun.com/aboutsun/media.
About Sun Microsystems, Inc.
Sun Microsystems develops the technologies that power the global marketplace. Guided by a singular vision -- "The Network is the Computer" -- Sun drives network participation through shared innovation, community development and open source leadership. Sun can be found in more than 100 countries and on the Web at http://sun.com.
Sun, Sun Microsystems, the Sun logo, Java, and The Network Is The Computer are trademarks or registered trademarks of Sun Microsystems, Inc. or its subsidiaries in the United States and other countries.
SOURCE: Sun Microsystems, Inc.
Sun Microsystems, Inc. Ron Pasek, 650-786-8008 (Investor) ron.pasek@sun.com Kristi Rawlinson, 650-786-6933 (Press) kristi.rawlinson@sun.com
Copyright Business Wire 2008
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