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IBM Says SEC Probing Its Accounting
chriscooper1470 writes "International Business Machines Corp. on Monday said that the U.S. Securities and Exchange Commission had begun a formal investigation of how the world's largest computer company accounted for some revenue in 2000 and 2001."
I thought Dell was the World's Largest Computer Company...?
"It's better to have a gun and not need it than need a gun and not have it." ~ Christian Slater, True Romance
IBM and Martha Stewart were in cahoots.
"Yes, thank you very much. The news is just starting to hit. Yes, it looks good so far. Well, it will take some work, but they'll look to settle the case after they lose about 80% of their market capitalization. Expect the usual donation, and good luck with the finding WMD thing."
Well, the bigger they are the bigger they fall, unless they are so big that they fall upon themselves and recieve a cushioning effect.
Insert Witty Remark Here ===>____________________________
The long, icy reach of SCO.... curses!
Oh wait? There is no conspiracy? Darn.
This space for rent.
Simple...they made it by stealing IP from SCO! Case closed!
I used to work for IBM. We were always cooking the books. We also did a lot of scheming about licensing for mainframes.
I thought that it had stopped after I left there but apparently it's still going on. Those knuckleheads will never learn.
Now, I hold down a job with Anderson Consulting.
I am evil and you can't catch me. I am going to go now and figure out a way to outsource your job... You nerdbot dissaffected geek losers.
Ted: That money was resting in my account.
Dougal: Right. A good long rest.
funny stuff!
As I was reading your post I Imagined it as a Get your war ON! comic
But the only flaw with your scenario is that the WMD-searcher needs the economy to get better, this IBM thing is slamming the DOW, which in turn hurts the economy and investor confidence
Sehr geehrter Toilettenbenutzer!
Well you see... they've been selling free software, so how could they possible have any revenue from it?
I bet if we look at their spending, there will be free software in there. No company would be dumb enough to sell free software, so that must be an accounting irregularity too!
Enron just shifted revenue too. Of course they shifted it from the far future using an accounting time machine. :-)
I hope IBM sues MS and the government into oblivion. (And not just the US government, they can sue ours as well if they want.)
I am TheRaven on Soylent News
Big Red?
Ouchh.
IBM "big blue" has recently checked its books and made note that it has in fact been hording all the money from the code that they stole from SCO and then gave to the massive company called Linux (tm). Linux is an "open source" project that has been under the guise of a "free community" for over 10 years now and recently was discovered that it was nothing more than big brother himself.
"We're in the business of taking other peoples code and giving it away to third parties in lew of violating contracs." Said Bill Lumberg CEO of IBM, "If it wasn't for us we wouldn't be able to screw over the little guys around every turn."
IBM is expected to filter the money in $4,999 transactions to off shore accounts in the carribean to offset what seems to be an "error" in the books. "We apologize we didn't see this earlier and we're going to catch the people who didn't cover this up correctly," said Lumberg.
SD
Ignore the "p2p is theft" trolls, they're just uninformed
- ???
- Get investigated by SEC
- Profit!
or:- Profit!
- ???
- Get investigated by SEC
Any insight?Initial field tests indicated that the trucks did indeed contain mainframe hardware. However, the final determination can only be made after full analysis of the racks of circuit boards and cables.
Authorities had long suspected the existence of these mobile facilities based on the accounts of disgruntled IBM employees who reportedly witnessed the loading of the trucks.
Microsoft has already agreed to pay Enron for a license to use these same accounting practices.
philcrissman.com.
Communism = (~innovation)&&(~democracy)&&(~freedom )
If, from the parent's parent post Capitalism != (innovation|democracy|freedom)
then if Capitalism is True (i.e. exists) it means (innovation|democracy|freedom) *HAS* to be false, and therefore, in Capitalism, there cannot be innovation, nor democracy, nor freedom.
Therefore, gentlemen, you have just concluded Capitalism == Communism.
One of us must be wrong.
Because deregulation has worked *so* well in other places such as airlines, energy, and telecommunications, as well as the expected success of massive media mergers.
We should be returning to a simpler time without regulations. Oh how I long for the days of the robber barons, Standard Oil, and US Steel. Damn those muckrakers and progressives of the late 19th and early 20th century that destroyed our pure libertarian utopia and cast us from our industrial slavery paradise into the modern distopia of job safety requirements, anti-monopolistic laws, and a higher standard of living.
Reset and try again please.
I think past experience and my big pile of quarters show I'm right.
MORTAR COMBAT
I prefer the name as it is referred to by the participants - corpse producing combat volleyball.
Dell = Fry : Delivery Boy
But IBM = Dr. Farnsworth : 100 Year old Nobel Prize winning(seeking?) mad scientist
"I'm about to drop the hammer and dispense some indiscriminate justice!"