Take 4…

January 2, 2004

On Tuesday, SPX Corp. (SPW) filed its 3rd amended K this year, correcting numbers it first put out in March. The company has also filed 4 amended Qs in 2003. In an explanatory note at the beginning of the K, the company said this was due to an SEC review. In the latest K, the company goes into a lot more detail on its mergers and acquisitions strategy and provides a lot more detail on discontinued operations — two important items that have a big impact. The new K also changes some numbers, including export sales, spending on R&D, total number of employees, operating income, and last, but not least, total revenues, which were really $4.8 billion, not the $5.04 billion previously reported.

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