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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, July 17, 2008
Synaptics to Report Fourth Quarter Results on July 31
Comtex
SANTA CLARA, Calif., July 17, 2008 /PRNewswire-FirstCall via COMTEX/ ----Synaptics(R) Incorporated (Nasdaq: SYNA), a leading developer of human interface solutions for mobile computing, communications, and entertainment devices, announced today that it will report financial results for the fourth quarter and fiscal year 2008 on Thursday, July 31, 2008 after the close of market. The company will host a corresponding conference call for analysts and investors at 2:00 p.m. PT (5:00 p.m. ET) during which management may discuss forward-looking information. Participating on the call will be President and CEO Francis Lee and CFO Russ Knittel.
To participate on the live call, analysts and investors should dial 800-257-2101 at least ten minutes prior to the call. Synaptics will also offer a live and archived webcast of the conference call, accessible from the "Investor Relations" section of the company's Web site (http://www.shareholder.com/synaptics/). A telephonic replay of the conference call will also be available until 11:59 pm PT on Monday, August 4, 2008 by dialing 800-405-2236 and entering the passcode: 11117175#.
About Synaptics Incorporated
Synaptics is a leading developer of human interface solutions for the mobile computing, communications, and entertainment industries. The company creates interface solutions for a variety of devices including notebook PCs, PC peripherals, digital music players, and mobile phones. The TouchPad(TM), Synaptics' flagship product, is integrated into a majority of today's notebook computers. Consumer electronics and computing manufacturers use Synaptics' solutions to enrich the interaction between humans and intelligent devices through improved usability, functionality and industrial design. The company is headquartered in Santa Clara, California. http://www.synaptics.com
For more information contact: Molly Plyler The Blueshirt Group 415-217-7722 molly@blueshirtgroup.com
SOURCE Synaptics Inc.
http://www.synaptics.com
Copyright (C) 2008 PR Newswire. All rights reserved
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