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Article: Verso to record legacy VAR business as discontinued operations.
- Article from:
- Business Wire
- Article date:
- February 12, 2002
CopyrightCOPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
ATLANTA--(BUSINESS WIRE)--Feb. 12, 2002
Company to meet or exceed previous guidance on revenues and
break-even EBITDA, even with losses on discontinued operations
Verso Technologies, Inc. (Nasdaq NMS: VRSO), an integrated switching solutions company that is adapting the cost savings of IP networks to the unique requirements of voice, today announced that during the fourth quarter of 2001, the company decided to discontinue investment in its legacy value-added reseller (VAR) business and associated consulting practice.
As a result, the company will account for these operations as discontinued operations ...