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SEC Settles Microsoft Accounting Investigation
guttentag writes "The Securities and Exchange Commission has wrapped up its two-year investigation into Microsoft's accounting practices. The investigation focused on "cookie jar" accounting practices in which a company reports that it earned less money than it actually did, secretly storing the unreported money to artificially boost earnings in the future. The SEC called off its investigation in exchange for Microsoft's promise that it will not break the rules in the future, though the company is not admitting that it broke rules in the past. Microsoft publicly states that it has $40 Billion on hand." Gates realized a long time ago that regardless of actual performance, if you "beat estimates" people will buy your stock. So, he's arranging it so that no matter what the actual performance is, Microsoft always "beats estimates". If your analyst estimate is low 61 out of 63 times, either A) you need a new analyst or B) someone is feeding the analyst bad numbers. In this case, probably both.
BTW, mark this as troll if you want, but thwe folks who moderate the posts here REALLY need to read the rules of postings... The default for posting is 2 points, got that? The postings are ue to that, to show beyond filters set to under 1 ratings, due to anonymous cowards and such who post dumbassed Something Awful'esque posts... NOT DUE TO PEOPLE WHO POST EITHER THEIR OPINIONS OR FRIGGING ATTEMPT HUMOR IN A WAY THAT DIRECTLY APPLIES TO THE SUBJECT OF THE SOURCE POST THAT THEY ARE REPLYING TO!!!
Gods, it's so annoying to have people dragging down the site due to either cluelessness or a lack of a sense of humor, get it right already, dammit, or smash your computer, because you obviously lack the intelligence to use it...
Just because you can mod me down, doesn't mean you're right. Shoes for industry!
Slashdot Funny Comments, version 2.1a
Dripping in Sarcasm...... Check
Having a swipe at someone who takes a swipe at microsoft.....Check
Saying absolutely nothing new or interesting.. Check
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