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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
Tuesday, July 22, 2008
Cisco Schedules Conference Call for Q4 and Fiscal Year 2008 Financial Results
Comtex
SAN JOSE, CA, Jul 22, 2008 (MARKET WIRE via COMTEX) ----Cisco (NASDAQ: CSCO) has scheduled a conference call on Tuesday, August 5, 2008 at 1:30 PM (PT) to announce its fourth quarter and fiscal year 2008 financial results.
Financial results will be released over Full National Marketwire, as well as the European Business and Technical Wire after the close of the market on Tuesday, August 5, 2008.
Cisco's quarterly earnings press release will be posted at www.cisco.com, under the "News@Cisco" section.
Date: August 5, 2008 Time: 1:30 PM (PT); 4:30 PM (ET) To Listen via the Internet: We are pleased to offer a live and replay audio broadcast of the conference call with corresponding slides at www.cisco.com/go/investors. To Listen via Telephone: (Due to the limited number of lines available, we encourage you to dial-in approximately 30 minutes prior to the start of the call). 888-848-6507 212-519-0847 (for International Callers) RSVP: No RSVP is necessary Replay: A telephone playback of the Q4 and FY 2008 conference call will be available beginning at 4:30 PM (PT) on August 5, 2008 through 4:30 PM (PT) on August 12, 2008. The replay will be available by calling 866-357-4205 (International callers: 203-369-0122). The call runs 24 hours/day, including weekends. An archived version of the webcast will be available on Cisco Systems' Investor Relations website at www.cisco.com/go/investors.
About Cisco Cisco (NASDAQ: CSCO) is the worldwide leader in networking that transforms how people connect, communicate and collaborate. Information about Cisco can be found at http://www.cisco.com. For ongoing news, please go to http://newsroom.cisco.com.
Cisco, Cisco Systems, and the Cisco Systems logo are registered trademarks or trademarks of Cisco Systems, Inc. and/or its affiliates in the United States and used by them or by affiliates under license in certain other countries. All other trademarks mentioned in this document are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company. This document is Cisco Public Information.
Investor Relations Contact: Carol Villazon Cisco (408) 527-6538 carolv@cisco.com Press Contact: Heather Dickinson Cisco (212) 714-4350 hdickins@cisco.com
SOURCE: Cisco Systems, Inc.
mailto:carolv@cisco.com mailto:hdickins@cisco.com
Copyright 2008 Market Wire, All rights reserved.
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