1. An Abacus Solutions employee submitted its VARBusiness 500 application form stating the company posted a total gross profit margin of 19 percent. In a letter dated June 14, the privately-held company informs us it wants to changed the reported number to N/A and that the number reported is incorrect.
2. Easley, S.C.-based Computer Software Innovations (CSI) finished at 332 on the 2005VARBusiness 500 with $52 million in annual sales based on information by "personnel external to the financial function," according to David Dechant, its CFO. In fact, the correct number is $22.4 million in 2004 revenues, he said.
3. Global Data Systems (#346) says the information provided to us by the company was inaccurate. Ed McCracken, its vice president of finance, says that GDS changed its fiscal year from calendar to June 30th, in 2004 and that resulted in a stub period for FY'04 reporting (six months). "In an attempt to provide comparable data to prior years, GDS employees attempted to consolidate inaccurate interim data with the FY'04 audited results," he explained.
4. Edison, NJ-based solution provider Marlabs provided VARBusiness with two confirmation letters because of a deadline extension. The letter that arrived first, and the one we used, stated the company posted sales of $18 million for its FY ended March 31,2004. The second letter stated the company posted sales of $36 million for its most recent fiscal year. The company would have made the VAR500 list with sales of $36 million.
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Five Companies That Dropped The Ball This Week For the week ending Feb. 10, CRN looks at five companies that were either asleep at the wheel or just didn't make good decisions. |
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Five Companies That Came To Win This Week For the week ending Feb. 10, CRN looks at five companies that brought their 'A' game and made moves to beat out competitors |
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10 Challenges That HP Wants Partners To Tackle Right Now CRN speaks with HP's business unit chiefs to get a sense of where they'd like partners to focus in the coming year, as well as how CEO Meg Whitman is making a difference. |
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