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Merix Finds Errors, Restates Q1 Loss

Written by Administrator
Wednesday, 12 December 2007
FOREST GROVE, OR -- Merix Corp. will restate its first-quarter net loss due to several accounting errors in its fiscal first-quarter financial report. In an SEC filing, the PCB maker said the restatement will up its first-quarter net loss by five cents, to a total of 17 cents per share. The company said its previously issued financial statements should not be relied upon and that it will file a quarterly report to restate the financial statements. Merix has been undergoing a series of changes in the past year, starting with the resignation of its chief executive and the closing of its Hong Kong plant.

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