HBIO » Topics » 13. Subsequent Event

This excerpt taken from the HBIO 10-Q filed Aug 9, 2005.

13. Subsequent Event

During July 2005, the Company announced plans to divest its Capital Equipment Business Segment. The decision to divest this business segment is based on the fact that market conditions for the Capital Equipment Business Segment have been such that this business has not met the Company’s expectations and the Company’s decision to focus Company resources on the Apparatus and Instrumentation Business Segment. As of June 30, 2005, the Company did not qualify for held for sale accounting treatment under SFAS No. 144 and as a result the operating results for the Capital Equipment Business Segment are presented as part of continuing operations.


Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki