is this overdone?

Like many on this forum I was concerned about the changing numbers especially the 25% drop in forecast revenue for FY10. So much so, I sent an email off to INT.

Delightfully, I can say that I got a reply within two days. The information I asked turned out to be in the investor presentation that followed the 4D announcement. My apologies to the company for not doing the checking.

The point is, INT is still forecasting revenue for FY11 of 14M, which is substantially more than FY10. Actually now more than 100% increase. Have we overdone this? The only real change to the numbers is the inability to account for the $2.1M from EXISTING embedded networks as revenue.

It would appear to be a legitimate error based on an accounting rules change. I suggest we should be blaming the accountants, and not so much the management.

I throw this up as one possibility, and I am happy to be shot down. Then again, I do like to play devil's advocate from time to time.

Any thoughts?