Covad postpones earnings; trading stopped

Article Abstract:

Covad Communications postponed its annual earnings announcement and said its restructuring plan would cost more than expected, causing a halt in the trading of its stock. The restructuring plan called for a change in the company's accouting procedures, closure of facilities and layoffs, originally estimated to be worth $20 million. Covad Chmn Charles McMinn said the company needed more time in reviewing accounting changes to reflect more accurately the company's revenues and costs.

Sales, profits & dividends, Internet service providers, Covad Communications Co.

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Intel's revenue leaps, but tech recovery is not certain

Article Abstract:

The author reviews the 2003 second-quarter income statement from Intel Corp. Topics include profits, business losses, and long-term planning.

Financial management, Corporate Profits, Semiconductor industry, Finance, Intel Corp., INTC, Profit, Profits, Company financing, Business losses, Long term planning, Income statements

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