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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."

3 of 61 comments (clear)

  1. Do other industries get as much attention? by Doom+bucket · · Score: 0, Redundant

    Do other industries have as many investigations? Maybe I have a jaded view but it seems that every tech company these days has done "something" sinister.

  2. Now I get.... by d474 · · Score: 1, Redundant

    ...so that's why Apple is switching over to Intel chips.

    And now you know the rest...of the story.

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  3. SEC? by TubeSteak · · Score: 0, Redundant

    When is the SEC going to look into the SCO mess?

    I realize IBM is a much bigger fish... but like the article summary said "it doesn't mean IBM has broken any laws"

    SCO's sins are a lot closer to the surface than possibly irregularities with IBM's 1st quarter stock expensing.

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