Lawson’s Q4 Profits Slammed by Investment Writeoffs, Sales Up Though
July 14, 2008 Timothy Prickett Morgan
Trying to hedge your bets in this world is a tricky business, and in the global economy, it is also unfortunately a necessary business, too. But those hedges, as we are all learning once again as we watch the news each day, don’t always pan out. Sometimes they fall flat. And so it has been with some auction-rate securities that application software maker Lawson Software invested in to try to make the most of its money. In the fourth quarter of fiscal 2008 ended May 31, Minneapolis, Minnesota-based Lawson was able to boost its sales by 9.5 percent to just |