Last week, GeoEye announced that they had to restate earnings for 2005, 2006, 2007 and the first quarter of 2008 due "a detailed study analyzing its tax accounting methods in which the Company discovered that it had not correctly included cost-share payments received from the U.S. Government under the NextView program in its taxable income," according to a
press release issued by the company. Now comes word that the filing will be delayed further because "additional time is required to re-calculate the proper interim period allocations of the penalties and interest related to the National Geospatial-Intelligence Agency's (NGA) milestone cost-sharing payments made to the company under the terms of the Government's NextView contract," again according to information released by GeoEye. The news has tempered that company's
stock price which had been on the rise due to the upcoming launch of GeoEye-1 on September 4.
Comments
January 9
Yep..thanks, Jude, "teeming."
Jude about Signs of the Economy: A Barber Shop, A Shoe Store, and a Geospatial Company
January 9
Teeming, not teaming.
And it's not so [...]
fosca Giannotti about Patent Watch: Tracking People Via Cell without Compromising Privacy
January 9
The issue of Location Privacy is broadly [...]
Mark about 2009: "GPS as feature"
January 9
Re: Item (4)...Cameras!
Duane Marble about COGO Sends Letter to Pelosi, Reid to Establish Geospatial Oversight Committee
January 9
I think that this is an excellent [...]
Bern Grush about Patent Watch: Tracking People Via Cell without Compromising Privacy
January 9
Location privacy re GPS tracking will be [...]
Daniel Cuende about Patent Watch: Tracking People Via Cell without Compromising Privacy
January 9
OK. Now I see and understand.
Well, [...]