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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
Wednesday, July 02, 2008
Qwest Communications Schedules Second Quarter 2008 Earnings Announcement
Comtex
DENVER, Jul 02, 2008 (BUSINESS WIRE) ----Qwest Communications International Inc. (NYSE: Q) plans to release its second quarter 2008 financial and operational highlights on Wednesday, Aug. 6, 2008, at 7 a.m. EDT. Qwest management will host a conference call at 9 a.m. EDT to discuss the company's perspective on the results and answer questions.
You may access the live interactive call via:
-- 888-747-3510 (U.S. Domestic)
-- 703-871-3085 (International)
-- Conference ID: 1252966
Please dial-in 10-15 minutes in advance to facilitate an on-time start.
A replay will be available for approximately two weeks after the call and may be accessed via:
-- 866-837-8032 (U.S. Domestic)
-- 703-925-2474 (International)
-- Access Code: 1252966
A live audio and replay of the webcast also will be available at:
http://www.qwest.com/about/investor/events/
(Windows Media Player or RealPlayer software is needed to listen to the webcast.)
About Qwest
Qwest offers a powerful combination of award-winning broadband, video and voice solutions for residential customers, businesses and government agencies. Customers coast to coast turn to Qwest's industry-leading national fiber optic network to meet their evolving communications and entertainment needs. Qwest employees are the driving force behind the company's nationally recognized Spirit of Service. Qwest is a participant in Networx, the largest communications services contract in the world, to provide innovative voice, data and video services, and is recognized as a leader in the network services market by a leading technology industry analyst firm. For more information on Qwest please visit www.qwest.com. For information about the products and services Qwest is offering in the Networx contract, visit www.gsanetworx.com.
The marks that comprise the Qwest logo are registered trademarks of Qwest Communications International Inc. in the U.S. and certain other countries.
SOURCE: Qwest Communications International Inc.
Qwest Communications Media Contact: Diane Reberger, 303-992-1662 diane.reberger@qwest.com or Investor Contact: Kurt Fawkes, 800-567-7296 IR@qwest.com
Copyright Business Wire 2008 ********************************************************************** As of Saturday, 06-28-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated a DOWNTREND on 05-21-2008 for Q @ $4.64. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright � 2004-2008 Comtex News Network, Inc. All rights reserved.
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