03-11-2004, 11:41 AM
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#35 (permalink)
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Tilted Cat Head
Administrator
Location: Manhattan, NY
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Quote:
Dish it out: Federal regulators told EchoStar it may have to restate its 2001 results to reverse $17 million of liability accruals, the company disclosed. Reversing the accrual may increase reported earnings, EchoStar said.
The company said it would delay filing its fourth-quarter results while it talks with the Securities and Exchange Commission over the next several days.
EchoStar said it hopes that any required reaudit of its 2001 results can be completed by March 30. Results for other years also might be affected.
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