Jovita Baltrusaityte

CyberDefender Corporation (NASDAQ:CYDE) Going Down, Win 7 Security 2011 Still Out There

by Jovita Baltrusaityte April 20, 2011
cyde_stock_chart.jpgThe stock price of CyberDefender keeps tumbling down, while the rogueware Win 7 Security 2011 keeps scaring computer users in a greater pace. Why is the company so unattractive to computer users?

According to the recent news, CyberDefender Corporation (NASDAQ:CYDE, CYDE message board) received a letter form the Staff of the Listing Qualifications Department of the NASDAQ Stock Market, in which the company was warned about the inability to comply with listing rules on the NASDAQ. Unfortunately, that does not make the company more solid.

In addition, the annual financial report wasn't positive. The company was unable to cover its current liabilities which are over 20 million dollars, while current assets are less than 9 million dollars. As of December 31, 2010 CYDE has a long-term debt of $9,994,000, which isn't an accomplishment as well.

Despite all of that, the operating loss has doubled: in 2009 it was $17,579 thousand, while in 2010 it has reached $37,635 thousand.

It seems that CyberDefender Corp. needs to work a lot in order to get out of this difficult situation. Even the appearance of rogueware Win 7 Security 2011 does not help in any way (be sure you remove it as soon as possible by following the instructions).

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