FAST Misses Q2 Revenues, Changes Accounting Practices

Aug 8, 2007 at 11:24am ET by Greg Sterling

FAST Search & Transfer said that Q2 earnings were off based largely on a change in accounting practices. The company had formerly booked MOUs (memoranda of understanding) as revenue and that practice has been eliminated. We were informed but have been unable to substantiate that the company’s accounting practices are now under investigation. Second quarter revenues and related presentations are available here.

Greg Sterling is a Contributing Editor at Search Engine Land, and writes a personal blog Screenwerk, examining the broader world of media and advertising. He also posts at a Local Mobile Search, which is focused on the mobile Internet.

See more articles by Greg Sterling >

Share, Bookmark & Discuss This Article
More:

Keep Updated: News Via Email | News Via RSS Feed | News Via Twitter

See more stories like this in the Members Library! Check out the Business Issues: General, Search Engines: Other Search Engines sections of the Members Library where this story is filed. Members also get access to exclusive video content, a members-only weekly & monthly newsletter, plus more. Check out all the benefits!

ONE COMMENT ON FAST Misses Q2 Revenues, Changes Accounting Practices

Suvendu, August 12th, 2007 at 12:58 am ET:

Is FAST for acquisition ?

TOP STORIES

See All »

SEARCH NEWS BRIEFS

See All »

FEATURES & ANALYSIS

See All »

RECENT COMMENTS

mazter said " Matt, thanks for the article. I do not know if you have used Google's real estate listing but as far"
annew said " Amazing Danny, thanks so much for the walk down memory lane. Conjures up the original match.com wher"
Jill Whalen said " Great trip down memory lane, Danny! I wasn't at the first couple of conferences, but started my spea"

See All »

See How To Articles And More In Our Members Library »

FREE DAILY SEARCH NEWS RECAP!

Stay on top of all the search news with our daily summary, the SearchCap newsletter. View a sample ›

STAY CURRENT THROUGHOUT THE DAY

The Search Engine Land feed keeps you informed as news happens. SEE ALL FEEDS »

SEARCH ENGINE LAND SPONSORS

Advertise With Us »

UPCOMING SEARCH ENGINE LAND CONFERENCES

Search Engine Land produces SMX, the Search Marketing Expo conference series. SMX events deliver the most comprehensive educational and networking experiences - whether you're just starting in search marketing or you're a seasoned expert.

SMX Web Site » | SMX Difference » | SMX News »

Join us at an upcoming SMX event:

UPCOMING SEARCH ENGINE LAND WEBCASTS

Learn more about search marketing with our free online webcasts and webinars from our sister site, Search Marketing Now. Upcoming online events include: