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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
Tuesday, June 24, 2008
VASCO Data Security Nominated No. 14 in BusinessWeek's 'Hot Growth Companies' Top 50
Comtex
OAKBROOK TERRACE, Ill., and ZURICH, Switzerland, June 24, 2008 /PRNewswire-FirstCall via COMTEX/ ----VASCO Data Security International, Inc. (Nasdaq: VDSI) (http://www.vasco.com), a leading software security company specializing in authentication, proudly announces that it is listed at No. 14 in BusinessWeek's list of fastest-growing small companies. The companies which have made this year's list are trend-spotters and innovators, which have been able to demonstrate the ability to thrive against multinationals with larger market exposure and more foreign competition with cheaper cost structures.
The selection made by BusinessWeek to rank the companies is based on Standard & Poor's Compustat database of 10,000 publicly traded corporations. Two major changes were made to this year's selection criteria of the Hot Growth ranking. The performance of each company is now compared with the performance of larger companies in its industry. A tighter screening process is now used, resulting in only 50 companies being ranked compared to 100 companies in previous editions.
About VASCO:
VASCO is a leading supplier of strong authentication and e-signature solutions and services specializing in Internet Security applications and transactions. VASCO has positioned itself as a global software company for Internet Security serving a customer base of close to 7,100 companies in more than 100 countries, including more than 1000 international financial institutions. VASCO's prime markets are the financial sector, enterprise security, e-commerce and e-government.
Forward Looking Statements:
Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes," "anticipates," "plans," "expects," and similar words, is forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.
Reference is made to the Company's public filings with the US Securities and Exchange Commission for further information regarding the Company and its operations.
For more information contact:
VASCO: Jochem Binst, +32 2 609 97 00, jbinst@vasco.com
SOURCE VASCO Data Security International, Inc.
http://www.vasco.com
Copyright (C) 2008 PR Newswire. All rights reserved
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