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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 14, 2008
NextiraOne Federal D/B/A Black Box Network Services ("Black Box") is Selected to Provide Lockheed Martin Space Systems Company Telecommunication Support Services
Comtex
HERNDON, Va., Jul 14, 2008 (BUSINESS WIRE) ----Black Box Network Services today announced that it has been awarded a contract to provide telecommunications infrastructure support services to Lockheed Martin Space Systems Company.
The multi-million dollar contract will have an initial 3-year base period of performance with a value of approximately $18 million. Under this contract, Black Box will provide technical support services for Lockheed Martin in the areas of voice, data, video and transport infrastructure systems at facilities located in Colorado, Northern California, and other locations throughout the United States.
"Lockheed Martin has been a long-time customer of Black Box and we are privileged to continue the support of our business partner," commented Black Box Network Services - Federal Division Sr. Vice President & GM Jeffrey Murray. "We look forward to providing Lockheed Martin with industry leading telecommunications solutions, services and technical support."
About Black Box
Black Box is the world's largest technical services company dedicated to designing, building and maintaining today's complicated data and voice infrastructure systems. Black Box services 175,000 clients in 141 countries with 188 offices throughout the world. To learn more, visit the Black Box Web site at http://www.blackbox.com.
Black Box(R) and the Double Diamond logo are registered trademarks of BB Technologies, Inc.
About Lockheed Martin
Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation reported 2007 sales of $41.9 billion.
SOURCE: Black Box Corporation
Black Box Corporation Investor Relations Mike McAndrew, Chief Financial Officer, 724-873-6788 Email: investors@blackbox.com
Copyright Business Wire 2008
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