Monthly Archives: April 2006

Pressure to decrease gas taxes is misguided

Inevitably when the price of gas rises, drivers cry foul and the call comes to governments to alleviate the pain, in the form of reducing taxes on gas. However, the idea that governments should lower taxes on gas in response to globally increasing demand outstripping an increasingly unstable supply is a misguided approach that treatsContinue reading “Pressure to decrease gas taxes is misguided”

Nortel completes latest restatement

Nortel released their 2005 financials Friday and completed more restatements of prior years’ results. The restatements related to revenue recognition and decreased revenues and net income because the revenue should’ve been booked in different periods. Maybe this will mark a turning point for the Canadian communications equipment company and they can retain (or regain) theirContinue reading “Nortel completes latest restatement”

Busy season comes to an end!

I celebrated the end of accountants’ busy season last night with our firm’s annual “tax party”, which was held at a local watering hole and we had an entire section reserved for us. Free drinks and free food, it was a heck of a night. Great way to celebrate a job well done from JanuaryContinue reading “Busy season comes to an end!”

First day of trading for Corel on the Nasdaq

Corel began trading on the Nasdaq Wednesday, April 26 and finished down 2.1% from its IPO price of $16 per share. Corel was bought by Vector Capital in 2003, which took it private before offering it publicly again recently. They own 72% after the recent offering. Corel makes CorelDraw and WordPerfect of course (now calledContinue reading “First day of trading for Corel on the Nasdaq”