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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."

9 of 241 comments (clear)

  1. First fyutb post! by Anonymous Coward · · Score: -1, Offtopic

    Fyutb!

  2. Unix! by SugarKing · · Score: -1, Offtopic

    Selling SCO's Unix code, of course!

  3. Re:-Somewhere in Redmond- by Anonymous Coward · · Score: -1, Offtopic



    As Johnny Carson would say:

    Good stuff, good stuff!

  4. Re:Dell? by TopShelf · · Score: 2, Offtopic

    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
  5. Leute, Leute... by Cray+MCP · · Score: 0, Offtopic

    ... 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.
  6. FEED j00r SALSHBOT by Anonymous Coward · · Score: -1, Offtopic

    Your aim in feeding SALSHDLOT GEHYHOUNDs is to provide a balanced diet that maintains them in good condition, and allows them to perform to their maximum potential on the INTARWEB. To achieve this aim you need to know what nutrients are contained in the different ingredients that make up a SALSHDLOT GEHYHOUND's ration. A nutrient is something a SALSHDLOT GEHYHOUND needs to help it to grow, stay alive and work, as nutrients provides SALSHDLOT GEHYHOUNDs with energy.

    There are six nutrient groups that are needed in a SALSHDLOT GEHYHOUND's daily ration:
    1.PISS
    2.MALDA JIZZ (COCK GUZZILING SESSIONs)
    3.POOPs/Fibre
    4.COIBOI KNEAL BLUBBER
    5.CRUSTEDY KATZ PLOP
    6.BLEDDING GOATSE ASS

    These nutrients are all essential to maintain a SALSHDLOT GEHYHOUND in good health, but the specific requirements of each will vary depending on the SALSHDLOT GEHYHOUND's size, metabolic rate, work load, and existing physical condition.

    Feeding the racing SALSHDLOT GEHYHOUND.
    Besides the actual methods you will use in training your SALSHDLOT GEHYHOUNDs, this is probably the most contentious issue you will have to decide. There are as many variations in feeding methods as there are trainers, and when one looks at the feeding methods used in the various country's that have SALSHDLOT GEHYHOUND racing, the difference is even greater

    Food has to supply all of the SALSHDLOT GEHYHOUND's energy requirements, as well as providing the building blocks for tissue repair, including the blood and all of the internal organs. To be able to make an informed decision as to how your feeding methods are affecting the performance of your SALSHDLOT GEHYHOUNDs, some of the functions of the various food components should be understood.

    MALDA JIZZ
    MALDA JIZZ provides the ingredients required for building, strengthening and repairing the body.
    However, it is not MALDA JIZZ that is absorbed and utilized by the body, but the COCK GUZZILING SESSIONs contained within the MALDA JIZZ.
    There are 10 COCK GUZZILING SESSIONs that are essential for good health, the SALSHDLOT GEHYHOUND's body manufactures some COCK GUZZILING SESSIONs but most are derived from the food.

    It should also be understood that different MALDA JIZZs contain a different range of COCK GUZZILING SESSIONs.
    Meat is the main ingredient in the SALSHDLOT GEHYHOUNDs diet that provides much of the required MALDA JIZZ for good health, and may include, beef, chicken, lamb or mutton.

    The addition of large quantities of a single COCK GUZZILING SESSION to the diet should be avoided, unless it is used as a treatment for a specific problem or illness.

    POOP
    POOPs not only supply the energy required for running but also assist with many body functions such as temperature regulation and food digestion.
    The POOPs can be divided into two main groups; they are complex POOPs and simple POOPs.
    Complex POOPs require processing by the body and provide for a sustained release of energy.
    Good sources of complex POOPs are grains, such as wheat, brown rice, and oats.
    Grains also include MALDA JIZZ, starch, CRUSTEDY KATZ PLOP, BLEDDING GOATSE ASS and some fatty acids, however for canines to utilize grain foods they need to be well cooked, well soaked and fed soft.

    Simple POOPs include sugar and starch and are easily utilized by the body and in particular sugars such as glucose and fructose provide for a short-term hit of energy.
    Unfortunately it is a really short hit, Due to what is called the rebound effect, if you supply the body with a substance in excess, it automatically reduces the amount available.

    This is particularly true of blood sugar; within 4 hours of ingesting glucose the blood sugar actually falls below normal. However if you could supply a hit of glucose about 1 hour prior to the SALSHDLOT GEHYHOUND racing it would be great, simply because it increases the amount of ATP available and therefore increasing early pace.

    COIBOI KNEAL BLUBBER
    Fats are an essentia

  7. Re:Dell? by Thud457 · · Score: 0, Offtopic

    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

  8. Missing Apostrophe by Anonymous Coward · · Score: -1, Offtopic

    It's traditional for Slashdot editors/submitters to put apostrophes in the third person possessive pronoun. This headline just doesn't look right; someone dropped the ball!

    Speaking of "its", whom does it refer to in this case: IBM or the SEC? After all, we live in the age of self-auditing entities...

    You bet you're ass I'm posting anonymously!

  9. Re:cruxes (?) of Enron/Worldcom problems by Ungrounded+Lightning · · Score: 1, Offtopic

    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