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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."
Simple...they made it by stealing IP from SCO! Case closed!
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
No, must resist, can't, ngahhhh . . .
WHY DID THE CHICKEN CROSS THE ROAD?
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