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Posted in Finance, Novell, Videos at 4:34 pm by Dr. Roy Schestowitz
Half an hour ago Novell issued a press release to accompany its report.
=> ↺ press release to accompany its report
“We are pleased with our overall results for 2007. While undergoing transformational change, we grew revenue and exceeded our operating targets. We are on the right path to long-term, sustainable profitability,” said Ron Hovsepian, president and CEO of Novell.
As we mentioned yesterday, there are many signs (including some from Novell) that show manipulation of numbers. This only fools investors. According to the following video from the SEC‘s chair, protecting investors from deception is the SEC’s purpose.
=> mentioned yesterday | ↺ the following video
The SEC’s approach looked symbolic at best. Structural changes at Novell are said to be on their way. The results show no real sign of recovery. █
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