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IBM Says SEC Probing Its Accounting

Posted by ryuzaki0 on from the this-oughta-be-sticky dept.

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."

3 of 241 comments (clear)

  1. What a joke. by Anonymous Coward · · Score: 0, Troll

    Slashdot likes IBM, so this doesn't matter. The majority of the first 50 posts are saying this isn't a big deal.

    If all the news was the same, but IBM was replaced with MS, they first 50 posts would have been so very different.

    I know this is just /. and it really doesn't matter, but how can you guys expect anyone to take you serious. /. as a whole is so influenced by its various prejudices that most of the comments are reduced to meaning nothing.

    Is this the face of OSS? You guys criticize corporations for all their spin, but let me tell you, many a corporate PR department pales in comparison to the spinning and slanting the /. community puts out.

  2. Re:Dell? by TopShelf · · Score: 0, Troll

    Sounds like most consulting firms, really. Or the variant: "give us money, we'll put everything your staff already recommends into a 4-color presentation and stamp our logo on it."

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  3. Veiled Eyes by alexborges · · Score: 0, Troll

    I like IBM's stand on linux just as much as the next guy, but i read a cool book by Andres Openheimer (Andy is his CNN corresponsal nickname so you wasps can trust him, he is argentinian in origin).

    He wrote a book, i dont know if he wrote it in english too, called Ojos Vendados (Veiled eyes or something), where he detailed a couple of the largest scams ever made in the history of latin america and how IBM was all in it.

    The scam was a project to provission all of the tecnology of the arentinian national bank, this was a billion dollar project!

    What arentinian authorities discovered was that ibm bribed a couple of hundred top level employees of the bank, the project's cost was 600 million dollars real cost, a similar sum just in bribes.

    So, no business is a moral entity, distrust any moral entity/organization that calls itself so (especially your church), keep things in perspective, uncle bush is friends with uncle gates, so not even the auditors can be trusted.

    Lex

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