Tuesday Nov 27 2012
Globalscape GSB announced three and nine month operating results.
This report is an excellent example of why we study accounting as a business language. GSB took a non cash impairment charge for its investment in notes of an Austin company which took bankruptcy. This regrettable event happened the same week that HP took a write down on Autonomy. Bad news. But cash flow continues to improve for GSB.
Professor Elam 
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