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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."
Dell makes plenty of $$$ on the corporate side, but still sticks to hardware. IBM, on the other hand, has a software division and IBM Global Services, which I believe is the biggest IS consulting outfit in the world. They've really turned things around from 10 years ago, when they were heading towards extinction...
Stop by my site where I write about ERP systems & more
... man beginnt mit Untersuchungen. Das ist noch lange kein Beweis von irgendwelchen Unregelmäßigkeiten. Da kann von Pleitegeier noch lange keine Rede sein.
Micro$oft ist nicht die Antwort. Micro$oft ist die Frage. Und die Antwort ist NEIN.
HAHAHAHAHA! RAMB-US ! They should do a partnership with $0!
the preceding comment is my own and in no way reflects the opinion of the Joint Chiefs of Staff
Worldcom spent large amounts in start-up costs building physical networks and did not report these expenditures as current period expenses. Instead they deferred these to future peiods where they hoped they'd make money on the new grids.
One of the telecoms got into trouble for doing exactly the opposite: They accounted several billion in operating expenses as capital expenditure.
So money that was just gone for things like wages, electric bills, and gasoline looked like it had bought a few billion in equipment. When the auditors looked around they discovered the company had a few billion less in plant equipment than the books showed, making the book value of the investors stock a lot less.
Oops!
Bantam Dominique roosters crow a four-note song. Once you've heard it as "Happy BIRTHday" you can't NOT hear it that way