FOX Translator
No data currently available.
No data currently available.
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
Wednesday, May 28, 2008
Hughes Communications Closes Public Offering
Comtex
GERMANTOWN, Md., May 28, 2008 /PRNewswire-FirstCall via COMTEX/ ----Hughes Communications, Inc. (Nasdaq: HUGH) ("Hughes"), a global leader in broadband satellite network solutions and services, announced today the closing of its previously announced public offering of 2,239,600 shares of its common stock at a price of $50.00 per share. The offering included an aggregate of 2,000,000 shares sold by Hughes and an aggregate of 239,600 shares sold by certain selling stockholders, including members of Hughes' senior management. The shares were sold under Hughes' effective shelf registration statement. Hughes intends to use the net proceeds from the sale of its shares for the acquisition of a satellite or general corporate purposes.
The offering is being made solely by means of a prospectus. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Hughes Communications, Inc.
Hughes Communications, Inc. (Nasdaq: HUGH) is the 100 percent owner of Hughes Network Systems, LLC. Hughes is a global leader in providing broadband satellite networks and services for enterprises, governments, small businesses and consumers. HughesNet(R) encompasses all broadband solutions and managed services from Hughes, bridging the best of satellite and terrestrial technologies. Its broadband satellite products are based on global standards approved by the TIA, ETSI, and ITU standards organizations, including IPoS/DVB-S2, RSM-A, and GMR-1. To date, Hughes has shipped more than 1.5 million systems to customers in over 100 countries. Headquartered outside Washington, DC, in Germantown, Maryland, USA, Hughes maintains sales and support offices worldwide.
Hughes Communications, Inc., Hughes and HughesNet are registered trademarks of Hughes Network Systems, LLC.
SOURCE Hughes Communications, Inc.
http://www.hns.com
Copyright (C) 2008 PR Newswire. All rights reserved
Market Snapshot
| Symbol | Last Price | Netchange | Volume |
|---|---|---|---|
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
