http://money.cnn.com/news/newsfeeds/articles/marketwire/0477521.htm
Data I/O Corporation (NASDAQ: DAIO) is the leading provider of manual and automated device programming systems. With over 35 years of expertise, Data I/O delivers everything from automobile devices to wireless connectivity. To boot they are also a world wide corporation. On February 25, 2009 they announced the rescheduling of the company’s financial results for the forth quarter in 2008 to March 5, 2009. They claim that this is due to the postponement of their audit committee meeting to next week. The financial results will be released after the market closes the same day. This rearrangement of the financial results will definitely leave an impact on the investing market.
Chapter 15, a chapter about comparing financial statements, the above article is living and breathing proof that these concepts, built into the textbook, do really apply to real life situations. When released, this company’s financial results should contain the various numbers that both outsiders and insiders would use in order to make decisions about the future. Outsiders would use this information to collect taxes, see if this company is worth investing into, and also have the ability to tell if this company will do well in the future, or pay their loans. Insiders would obviously use this information as well. How well the company is doing, how much they are making, and if they are reaching their targets; these are just some of the questions answered in the financial results. Others could also use the information given to compare this company to other company’s, to see which is worth more to invest in.
This company is one that is the future. This company delivers many electronic devices and will probably do fair on future fiscal periods due to poor consumer confidence. However, with my experience, I can foresee that in the fourth quarter of 2008, which is the one to be released in March, will do well. People might not be spending as much, but when our standard of living is going up everyday, maybe not in the next few years, people buy more of the little things that make their lives a little bit more exciting. Those little things bring us the happiest moments in our life, of course next to our family and friends.
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