Collins & Aikman shares hammered on wrong accounts

Newswire

(Updates with more details) NEW YORK, March 17 (Reuters) - Auto parts supplier Collins & Aikman Corp. announced on Thursday it has identified inaccurate accounting in its books and would delay the filing of its annual report. The news tore into Collins' share price which fell over 20 percent to $1.30, a new low for the year. The company also warned that there was a possibility of restating its 2003 results and sees restating for the nine months to Sept 30, 2004. Collins said it ...

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