In an unusual filing with the Securities and Exchange Commission yesterday, colocation service provider Equinix Inc. (EQIX) said it is "not aware of any undisclosed accounting matters affecting the company." The statement was issued at about 2:30 p.m. after shares had dropped sharply in early trading. At about 10:30 a.m. the Fly on the Wall web site reported that "shares of Equinix are moving lower on unconfirmed speculation regarding the company's accounting." Here's the entire text of the SEC filing:
"On July 8, 2009, several investors contacted the Company to inquire about a rumor in the market regarding 'speculation about Equinix's accounting.' It is the Company's policy to decline to comment on unsubstantiated rumors. However, one of the Company's directors was contacted by an investor to respond to this rumor and the director responded that he was not aware of any facts supporting the rumor. Accordingly, the Company is making this filing in order to inform all investors that the Company is not aware of any undisclosed accounting matters affecting the Company."
After dropping as low as $64 a share in mid-morning, shares of Equinix began rebounding in closed the session down $1.46 to $67.19 in Wednesday's session, a decline of about 2 percent.