Spanish translation: incremento de xxx en las reservas
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English to Spanish translations [PRO] Bus/Financial
English term or phrase:increased reserve
today filed its annual report on Form 10-K for the fiscal year ended
December 31, 2002. It includes a $5.4 million increased reserve, to
reserve fully, against the Company's note receivable with a former
customer. The former customer filed Chapter 11 bankruptcy on March 21,
2003, subsequent to the Company's press release on January 30, 2003.
The Company intends to actively pursue collection of the note
receivable. This reserve does not impact previously reported revenue
or Cash EPS for the fourth quarter or full year.