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Sequenom Delays 2012 10-K

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March 18, 2013 | Comments (1)

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Sequenom (NASDAQ: SQNM  ) won't file its 10-K annual report for its fiscal 2012 "in a timely manner." The company admitted in a filing with the Securities and Exchange Commission that it won't submit the documentation in time because of what it termed an "accounting classification error." That error affects the annual and interim results as of end-2011 and 2010, and for the 2009, 2010, and 2011 fiscal years, which Sequenom says "should not be relied upon."

The company was to file the 10-K on March 18. It said it intends to submit it within the 15-day extension period granted by the Securities Exchange Act.

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Fool contributor Eric Volkman and The Motley Fool have no position in Sequenom. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


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Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On March 20, 2013, at 12:37 PM, foolish07 wrote:

    The motley vermin don't lie. They just report things so it sounds the worst without stating the that the accounting issue did not affect revenues or earnings. It was about which line a cost was reported on.

    For people that allegedly have no position in a stock why are they 100% negative. They report headlines and do no research...

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Related Tickers

5/17/2013 4:00 PM
SQNM $4.10 Down -0.01 -0.24%
Sequenom, Inc. CAPS Rating: ***

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