| | Aristocrat investors sue the company - BusinessNews - www.smh.com.au (Site not responding. Last check: 2007-11-07) |
 | | The court documents claim that by September 20, 2002, Aristocrat knew its 2003 profit forecast of $107 million to $110 million was unachievable but allowed the bad news to trickle out slowly and too late, leaving shareholders in the dark for too long. |
 | | In a statement to the Australian Stock Exchange dated February 10, 2003, Aristocrat said its margins had deteriorated and costs were higher than previously indicated, the guarantor for the Colombian contract had suspended lending a month earlier, and the company had initiated a full review of its North and South American businesses. |
 | | Then on May 27 Aristocrat bit the bullet and announced its six-month revenues would be down by between 15 and 20 per cent and a $32 million to $37 million after-tax loss was expected. |
| www.smh.com.au /articles/2004/05/02/1083436478364.html?from=moreStories (591 words) |