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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 / Telecom
Monday, July 07, 2008
Atheros Schedules Second Quarter 2008 Conference Call for July 28, 2008
Comtex
SANTA CLARA, Calif., July 7, 2008 /PRNewswire-FirstCall via COMTEX/ ----Atheros Communications, Inc. (Nasdaq: ATHR), a leading developer of advanced semiconductor system solutions for wireless and wired communications, has scheduled its second quarter 2008 financial results conference call for Monday, July 28, 2008 at 2 p.m. Pacific time. Atheros will release the company's second quarter financial results at approximately 1 p.m. Pacific time.
To listen to the call, dial 212-547-0138 approximately 10 minutes prior to the start of the call. The pass code is Atheros. A taped replay will be made available approximately one hour after the conclusion of the call and will remain available for one week. To access the replay, dial 203-369-0975.
The Atheros' financial results conference call will be available via a live webcast on the investor relations section of the Atheros web site at http://www.atheros.com. Access the web site 15 minutes prior to the start of the call to download and install any necessary audio software. An archived webcast replay will be available on the web site for 6 months.
About Atheros Communications, Inc.
Atheros Communications is a leading developer of semiconductor system solutions for wireless and other network communications products. Atheros combines its wireless and networking systems expertise with high-performance radio frequency (RF), mixed signal and digital semiconductor design skills to provide highly integrated chipsets that are manufactured on low-cost, standard complementary metal-oxide semiconductor (CMOS) processes. Atheros technology is being used by a broad base of leading customers, including personal computer, networking equipment and consumer device manufacturers. For more information, please visit http://www.atheros.com or send email to info@atheros.com.
SOURCE Atheros Communications, Inc.
http://www.atheros.com
Copyright (C) 2008 PR Newswire. All rights reserved
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