 |
Prospector
Profile
3-14-005
|
| |
| Bearingpoint, Inc. |
NAICS |
541610 |
| 1676 International Drive
McLean, VA 22102 |
Description |
Management Consulting Services |
| (703) 747-3000 |
Employees |
17100 |
| http://www.bearingpoint.com/ |
Revenue |
(mil) |
3455.0000 |
| |
Income |
(mil) |
-362.7200 |
| |
Assets |
(mil) |
1981.4000 |
| |
Liability |
(mil) |
2451.6000 |
| |
(for the year ended 2007-12-31) |
| |
|
Category:
Loss/Deficit
|
| |
|
Event:
BearingPoint, Inc., incurred a net loss of $362.7 million for the fiscal year ended December 31, 2007, compared to $213.4 million net loss for fiscal 2006. Contributing to the net loss for 2007 were bonuses accrued and payable to the Company's employees, in part for 2006, as well as 2007; non-cash compensation expense related to the
vesting of stock-based awards; lease and facilities restructuring charges; external costs related to the preparation of its financial statements, and its auditors' review of theCompany's financial statements and the testing of internal controls. Year-over-year external accounting costs were down significantly and the Company expects continued improvement in these costs in 2008. At December 31, 2007, the Company's balance sheet showed total assets of $1,981.4 million, total liabilities of $2,450.6 million resulting to a total stockholders' deficit of $469.2 million.
|
| |
|
Intellectual Property:
The Company's success has resulted in part from its methodologies and other proprietary intellectual property rights. The Company relies upon a combination of nondisclosure and other contractual arrangements, non-solicitation agreements, trade secrets, copyright and trademark laws to protect proprietary rights and the rights of third parties from whom it licenses intellectual property. The Company also enters into confidentiality and intellectual property agreements with its employees that limit the distribution of proprietary information. The Company currently has only a limited ability to protect important intellectual property rights. [SEC Filing 10-K 02-28-08]
|
| |
|
Description:
Bearingpoint, Inc., provides business and technology strategy, systems design, architecture, applications implementation, network, systems integration and managed services primarily in North America.
|
| |
|
Officers:
Roderick C. McGeary (Chair); F. Edwin Harbach (CEO); Judy A. Ethell (EVP-Finance & CFO); Laurent C. Lutz (Gen. Counsel & Sec.); Douglas C. Allred (Dir.); Betsy J. Bernard (Dir.); Spencer C. Fleischer (Dir.)
|
| |
|
Auditor:
Ernst & Young LLP
|
| |
|
Securities:
Common Stock Symbol BE; NYSE; 215,220,077 common shares outstanding as of February 1, 2008.
|
| |
| |
| |
| return to main page |
|
|
