International Business News - Restatement http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Online retailer Overstock.com Inc. on Friday said it will restate results for several years due to accounting errors. Shares fell $1.26, or 12.2 percent to $9.04 during midday trading. The stock has traded between $8.61 and $39.39 during the past 52 weeks. The broader market declined as well amid recession fears. At midday the Dow Jones Industrial Average was down by more than 300 points. http://www.ibtimes.com/articles/20081024/overstock-com-to-restate-results-due-to-errors.htm Fri, 24 Oct 2008 12:55:21 EDT Medicis Pharmaceutical Corp. said Wednesday it expects to restate its results for a six-year period because of errors in the way it calculated the cost of returned products. http://www.ibtimes.com/articles/20080924/medicis-may-restate-results-from-2002-to-2008.htm Wed, 24 Sep 2008 10:47:15 EDT Armored vehicle maker Force Protection Inc. said Thursday it plans to restate several of its 2007 financial reports because of errors found during a review. http://www.ibtimes.com/articles/20080828/force-protection-to-restate-past-finances.htm Thu, 28 Aug 2008 18:14:10 EDT VeriFone Holdings Inc., which is in the midst of sorting out an accounting mess that cost its CFO his job, Monday said it plans to file restated results for last year on Aug. 19. http://www.ibtimes.com/articles/20080728/verifone-to-file-restated-results-aug-19.htm Mon, 28 Jul 2008 12:55:48 EDT A calculation error led Dynegy Inc. to restate first-quarter revenue on Friday, but the energy supplier said net loss figures will not change. The company said that due to the error, revenue and cost of sales were reported on a gross basis as opposed to a net basis. http://www.ibtimes.com/articles/20080725/dynegy-lowers-1q-revenue-due-to-accounting-error.htm Fri, 25 Jul 2008 08:51:06 EDT American Italian Pasta Co., the maker of pasta brands such as Mueller's, has filed its first financial report in more than three years, restating earnings going back to 2000. http://www.ibtimes.com/articles/20080617/american-italian-pasta-co-restates-earnings.htm Tue, 17 Jun 2008 14:09:39 EDT Power-chip maker International Rectifier Corp. on Friday said it will miss its target date to file earnings report restatements. The El Segundo, Calif.-based company said it plans to file its restatement later than June 17, as targeted. http://www.ibtimes.com/articles/20080613/international-rectifier-to-file-later-than-target.htm Fri, 13 Jun 2008 16:51:34 EDT Michael Baker Corp., a provider of engineering and maintenance services, said that based on preliminary results, it is expanding a previously announced restatement back to 2006 due to revenue recognition errors at its energy division. http://www.ibtimes.com/articles/20080611/michael-baker-to-restate-2006-income-lower.htm Wed, 11 Jun 2008 09:46:24 EDT Rackable Systems Inc. said Wednesday it plans to restate first-quarter results and expects the corrected results to show its gross margin was higher and per-share loss smaller than initially reported. http://www.ibtimes.com/articles/20080528/rackable-systems-to-restate-1q-show-smaller-loss.htm Wed, 28 May 2008 08:32:33 EDT Data company Acxiom Corp. announced Tuesday it would restate its earnings about $8 million downward because it miscalculated the value of certain contracts over the past four fiscal years. http://www.ibtimes.com/articles/20080520/acxiom-restates-prior-earnings-downward.htm Tue, 20 May 2008 15:20:04 EDT Echelon Corp., which makes industrial control systems and software, said Wednesday it found additional accounting errors related to leases for its corporate headquarters and will have to restate finances as a result. http://www.ibtimes.com/articles/20080430/echelon-finds-more-accounting-errors-related-to-leases.htm Wed, 30 Apr 2008 13:53:09 EDT Monolithic Power Systems Inc. said Tuesday it will restate its 2006 and 2007 financial results to correct an error in the tax provision. Monolithic said the restatement is expected to result in a lower reported book tax expense for both years, an increase in net income for 2007 and a reduction in net loss for 2006. http://www.ibtimes.com/articles/20080429/monolithic-to-restate-2006-and-2007-results-to-fix-error.htm Tue, 29 Apr 2008 16:40:32 EDT