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Utah has tech-central potential, but lacks a particular presence

Utah has tech-central potential, but lacks a particular presence

by Rick Turoczy on July 31, 2006

Most of these firms have experienced recent rampant growth. From a personnel standpoint, they struggled to meet the day-to-day requirements of that growth even before Sarbanes-Oxley. Consequently, many of them were overwhelmed by the new requirements surrounding controls, a fact that is confirmed by the greater number of internal control weaknesses reported by these companies during the first two years of Sarbanes-Oxley. You have to remember that the overall risk profile of a high-tech firm is generally much different than that of a traditional company. When pricing their investments, sophisticated investors take into account all of the various risks involved, including the heightened risk of failed financial controls present in many high-tech firms.

Utah has tech-central potential, but lacks a particular presence

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