Financial Accounting Blog

Tuesday, June 15, 2004

Omnivision Technologies, Inc. Proposed Earnings Restatements cause investor confidence to falter. This article notes that investor confidence in Omnivision Technologies, Inc. has declined after the company issued a public announcement that it might be restating some of its 2004 and possibly some of its 2003 quarterly reports. Investor uncertainty increased further with news that 2004 fourth quarter and annual reports were to be delayed until June 23.