LDK Solar Co.Ltd. (LDK) Raises Revenue Guidance
LDK Solar Co., Ltd. (NYSE: LDK - News), a leading manufacturer of multicrystalline solar wafers, today commented on recent inaccuracies and misperceptions in the market and the media.
On October 4, 2007, LDK Solar issued a statement refuting certain allegations made by a former employee who was terminated for cause regarding its inventory reporting after LDK's management conducted an internal investigation and physical inventory counts and found no material discrepancies as compared to LDK's published financial statements. In addition, LDK's Audit Committee is in the process of conducting a review of the inventory and will disclose its findings to the public in due course. LDK's management team continues to believe that the allegations made by a disgruntled, former employee have no merit.
On October 4, 2007, LDK Solar issued a statement refuting certain allegations made by a former employee who was terminated for cause regarding its inventory reporting after LDK's management conducted an internal investigation and physical inventory counts and found no material discrepancies as compared to LDK's published financial statements. In addition, LDK's Audit Committee is in the process of conducting a review of the inventory and will disclose its findings to the public in due course. LDK's management team continues to believe that the allegations made by a disgruntled, former employee have no merit.
Labels: LDK, LDK Solar Co.Ltd.
posted by Stock Administrator @ 4:46 PM
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