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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."
"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 ===>____________________________
Simple...they made it by stealing IP from SCO! Case closed!
They've obviously heard about IBM buying out SCO any time now...that's sure to make them the biggest...
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
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
Microsoft has already agreed to pay Enron for a license to use these same accounting practices.
philcrissman.com.
No, must resist, can't, ngahhhh . . .
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