SAIC CityTime SEC Wakes-up From Coma? Howdy Bloomberg

http://suzannahbtroy.blogspot.com/2012/08/saic-whopper-special-sauce-lean-enough.html



 SEC is questioning the are more losses in from the last reporting period :-) "As it relates to both the Timekeeping Contract with City of New York and the Data Privacy Litigation, if there is at least a reasonable possibility that a loss exceeding amounts already recognized may have been incurred, in your next periodic filing, U.S. Securities and Exchange Commission July 16, 2012 Page 2 please either disclose an estimate (or, if true, state that the estimate is immaterial in lieu of providing quantified amounts) of the additional loss or range of loss, or state that such an estimate cannot be made pursuant to ASC 450-20-50. You may provide your disclosure on an aggregated basis. Please include your proposed disclosures in your response.""


 http://www.sec.gov/Archives/edgar/data/353394/000119312512302700/filename1.htm  AND responding to this   http://www.sec.gov/Archives/edgar/data/353394/000000000012032855/filename1.pdf http://www.sec.gov/Archives/edgar/data/353394/000119312512288492/filename1.htm


 "Dear Ms. Collins: SAIC, Inc. (the “Company”) received the Staff’s comment letter relating to the above referenced Form 10-K on June 22, 2012. The comment letter requests a response within ten business days, or July 9, 2012. The Company respectfully requests a ten business day extension of time to respond to the comment letter, and anticipates submitting its response on or before July 23, 2012.

Respectfully yours, /s/ Bruce K. Dallas"