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3D Systems (DDD -9.1%) is finishing with big losses yet again. Shares are down 18% on the week,...

3D Systems (DDD -9.1%) is finishing with big losses yet again. Shares are down 18% on the week, thanks in no small part to accounting concerns. Stratasys (SSYS -2.6%) is also lower. A CNET column this morning discussed remarks from industry experts about the future of 3D printing. "We're still living in a bubble a little bit," declared the CEO of 3D printing marketplace Shapeways, due to the fact the average person still isn't aware of what 3D printers can accomplish.
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Comments (4)
  • carbon12
    , contributor
    Comments (44) | Send Message
     
    Now 3D wants to threaten legal action against people doing the on the ground research, going through the cash flow statement and balance sheet and then sharing their views? I don't think this is going to end well for 3D systems.

     

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    3D Systems Announces Conference Call and Webcast to Discuss Recent Articles

     

    GlobeNewswire
    ROCK HILL, S.C., Nov. 15, 2012 (GLOBE NEWSWIRE) -- 3D Systems Corporation (NYSE:DDD) announced today that it plans to hold a conference call and simultaneous webcast to discuss, fact-check and clarify several materially inaccurate statements and conclusions made in recently published articles related to various matters including its calculation of growth, accounting methods and acquisition activities on Monday, November 19, 2012, at 8:30 a.m. Eastern Time.

     

    "We are aware of certain recent articles and their materially inaccurate and misleading conclusions. We reaffirm the accuracy of our public filings and accounting methods in all respects, and are pursuing legal remedies to hold those responsible parties accountable for what appears to be malicious, irresponsible and self-serving articles. We look forward to discussing, fact-checking and clarifying these inaccuracies for the benefit of our shareholders, customers and partners, who we believe have been irrevocably harmed by these articles," said Abe Reichental, President and CEO of 3D Systems.

     

    Date: Monday, November 19, 2012 Time: 8:30 a.m. Eastern Time Listen via Internet: investor.3dsystems.com Participate via telephone: Within the U.S.: 1-866-543-6407 Outside the U.S.: 1-617-213-8898 Participant code: 18116839
    The recorded webcast will be available beginning approximately two hours after the live presentation at investor.3dsystems.com.

     

    Forward-Looking Statements

     

    Certain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties, readers are urged to consider statements in the conditional or future tenses or that include terms such as "believes," "belief," "expects," "estimates," "intends," "anticipates" or "plans" to be uncertain and forward-looking. Forward-looking statements may include comments as to the company's beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the control of the company. The factors described under the headings "Forward-Looking Statements," "Cautionary Statements and Risk Factors," and "Risk Factors" in the company's periodic filings with the Securities and Exchange Commission, as well as other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements.

     

    About 3D Systems Corporation

     

    3D Systems is a leading provider of 3D content-to-print solutions including 3D printers, print materials and on-demand custom parts services for professionals and consumers alike. The company also provides CAD software and plugins, and affordable consumer create-and-make printers, apps and services. Its expertly integrated solutions replace and complement traditional methods and reduce the time and cost of designing new products by printing real parts directly from digital input. These solutions are used to rapidly design, create, communicate, prototype or produce real parts, empowering customers to create and make with confidence.

     

    More information on the company is available at http://www.3DSystems.com.

     

    To experience our entire range of 3D content-to-print products and services please visit http://www.printin3D.com, http://bit.ly/Qhbkq6, http://bit.ly/SQ5Yhd, http://www.zcorp.com, http://bit.ly/QhbnlO, http://bit.ly/SQ5Yhg, http://www.alibre.com, http://bit.ly/Qhbkq8, http://bit.ly/SQ5Xd0, http://www.botmill.com, http://www.rapidform.com, http://www.cubify.com, http://bit.ly/Qhbkqb, http://bit.ly/SQ5Xd1, http://bit.ly/QhbkGq, http://bit.ly/QzvyZf, http://www.sycode.com, http://bit.ly/QhbkGr, blog.3dsystems.com, or via email at moreinfo@3Dsystems.com.

     

    The 3D Systems Corporation logo is available at http://bit.ly/SQ5Yxz

     

    CONTACT: Investor Contact: Stacey Witten 803-326-4010 Email: Stacey.Witten@3dsystem... Media Contact: Cathy Lewis 781-852-5007 Email: Cathy.Lewis@3dsystems.com
    Source: 3D Systems Corporation
    15 Nov 2012, 07:57 PM Reply Like
  • Krcun
    , contributor
    Comments (24) | Send Message
     
    You can share your negative views about company's prosperity based on the your analysis of financial statements, that is one thing and it's okay.
    But, accusing company of fraudulent accounting that is another thing, and you can do that too, but you should be able to prove it on court.
    15 Nov 2012, 08:46 PM Reply Like
  • carbon12
    , contributor
    Comments (44) | Send Message
     
    3D will have to prove in court that the accounting they filed is correct and the statements they made on their calls about organic growth and not stuffing ZCorp resellers were truthful. They will have to bring in some independent parties to affirm their accounting and their statements on their earnings calls. I hope 3D is asking their auditor to affirm their audit opinion.
    16 Nov 2012, 11:34 AM Reply Like
  • richg99
    , contributor
    Comment (1) | Send Message
     
    The future of 3 D is still bright. It seems the stocks got ahead of themselves. Nothing new there.

     

    However, the implication of the two articles on 3D, accusing them of playing fast with their numbers, was my exit sign on that stock.

     

    Stratasys is still looking good, but the unknowns about the merger with Objet cause me to hold back from adding more shares. RG
    15 Nov 2012, 10:35 PM Reply Like
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