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SEC Formally Investigates IBM

Posted by Zonk on from the trouble-for-big-blue dept.

glhturbo writes "IBM announced Thursday that it had received notice of a formal, nonpublic investigation by the Securities and Exchange Commission (SEC) concerning the company's disclosures relating to Q1 2005 earnings and expensing of equity compensation. According to the article, there has been a non-formal investigation going on since June 2005. Both articles indicate that it doesn't mean IBM has broken any laws, so we'll see what comes of it."

2 of 61 comments (clear)

  1. Wrong company by Koohoolinn · · Score: 2, Funny

    I think the SEC is targeting the wrong company in the SCO vs. IBM lawsuit.

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  2. Er...My Rights Online? by afabbro · · Score: 4, Funny
    How is this "Your Rights Online"?

    I don't feel my rights have been violated by either IBM's way of expensing equity compensation or the SEC's investigation of it.

    No doubt, I'm just numb to creeping fascism. You know, first they came for those expensing equity compensation, but I didn't speak up because I use a different method. Next they came for those using Last-In-First-Out inventory accounting, but I didn't speak up because I use FIFO...

    Zonk, you're gaining ground on Cliff and timothy as the worst Editor yet.

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