Why the change? and why did they not discuss this in the 10k?
I'm not suggesting anything underhanded, but it does make Q4 calculations difficult. The company refused to break out its quarterly results in Q4, and doesn't offer guidance after doing so for quite some time.
The PR could have been much more helpful had management discussed the extent of the contract mix (short vs long-term) and how this impacted revenues in the quarter.
Pretax margins dropped substantially (viewed sequentially) as a result of this revenue mix....and management doesn't talk about it? I'm a little bit ticked off at management's unwillingness to address these issues in ways that can assuage longer-term investors in the company. Also, why not discuss the reasons that guidance for FY05 has been withdrawn?
Most of this rant should be addressed to Jacobs, who I have called and have not heard back from yet. Clubman, if you get a chance to talk to Jacobs or anyone else at the company before I do, can you add these questions to your list? Thx.
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