Advanced sued over rev data
New figures show $10 mil loss rather than $2.6 mil profit
|
More Articles:
Most Viewed:
'Christmas Carol' cheers in $9 million(1656 views)FCC sticks by its hefty fines(1342 views)Nick Counter dies at 69(895 views)Safe and sane holiday at the box office(817 views)Bradley Cooper 'Fields' film offer(671 views)'Prophet' grabs six European Film nods(643 views) |
Advanced's new data, slashed 1999's sales from $30 million to $10 million, ending the year with a net loss of $10 million rather than a profit of $2.6 million.
In 2000, sales according to both versions were around $13 million, whereas the net loss was actually $21 million, lower than the $33 million originally presented.
The shareholders blame former executive Hanns-Arndt Jovy and supervisory board member Herbert Jovy for manipulation. The shareholders are represented by interest group DWS, which has also filed suits against kidvidder EM.TV after its figures dropped radically.







