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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, June 30, 2008
VASCO Ranks 5th in FORTUNE Small Business' Top 100 for Fast Growing Smaller Public Businesses.
Comtex
OAKBROOK TERRACE, Ill. and ZURICH, Switzerland, June 30, 2008 /PRNewswire-FirstCall via COMTEX/ ----VASCO Data Security International, Inc. (Nasdaq: VDSI) (www.vasco.com ), a leading software security company specializing in authentication products, today announced that it ranks 5th in FORTUNE Small Business' Top 100 list of America's fastest-growing small public companies.
For the compilation of the eighth annual list, FORTUNE Small Business worked with financial research firm Zacks, which ranked public companies with revenues of less than $200 million and a stock price of more than $1. All companies that met these criteria were ranked, 1-100, based on the past three years' earnings growth, revenue growth, and stock performance. The overall rank was based on the sum of these three ranks. Banks and real-estate firms were excluded from the list.
VASCO ranks 5th -- as to eleventh in 2007 -- and is the first technology and IT-company in FORTUNE Small Business' Top 100 list. "We see this great accomplishment as recognition for VASCO's sustained business success," said Jan Valcke, VASCO's President & COO. "This ranking illustrates VASCO's leading presence as a global market leader in strong authentication."
Currently, VASCO secures approximately 7,100 companies, including over 1,000 banks, against e-fraud in more than 100 countries.
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 1,000 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
http://www.vasco.com/
Copyright (C) 2008 PR Newswire. All rights reserved
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