| ActiveMac | Anonymous | Create a User | Reviews | News | Forums | Advertise |
|
|
|
User Controls |
|
New User |
|
Login |
|
Edit/View My Profile |
|
|
|
|
|
|
|
ActiveMac |
|
Articles |
|
Forums |
|
Links |
|
News |
|
News Search |
|
Reviews |
|
|
|
|
|
|
|
News Centers |
|
Windows/Microsoft |
|
DVD |
|
ActiveHardware |
|
Xbox |
|
MaINTosh |
|
News Search |
|
|
|
|
|
|
|
ANet Chats |
|
The Lobby |
|
Special Events Room |
|
Developer's Lounge |
|
XBox Chat |
|
|
|
|
|
|
|
FAQ's |
|
Windows 98/98 SE |
|
Windows 2000 |
|
Windows Me |
|
Windows "Whistler" XP |
|
Windows CE |
|
Internet Explorer 6 |
|
Internet Explorer 5 |
|
Xbox |
|
DirectX |
|
DVD's |
|
|
|
|
|
|
|
TopTechTips |
|
Registry Tips |
|
Windows 95/98 |
|
Windows 2000 |
|
Internet Explorer 4 |
|
Internet Explorer 5 |
|
Windows NT Tips |
|
Program Tips |
|
Easter Eggs |
|
Hardware |
|
DVD |
|
|
|
|
|
|
|
Latest Reviews |
|
Applications |
|
Microsoft Windows XP Professional |
|
Norton SystemWorks 2002 |
|
|
|
Hardware |
|
Intel Personal Audio Player 3000 |
|
Microsoft Wireless IntelliMouse Explorer |
|
|
|
|
|
|
|
Site News/Info |
|
About This Site |
|
Affiliates |
|
ANet Forums |
|
Contact Us |
|
Default Home Page |
|
Link To Us |
|
Links |
|
Member Pages |
|
Site Search |
|
Awards |
|
|
|
|
|
|
|
Credits |
 |
SEC Backs Settlement of Microsoft Probe | |
|
||
| Time: 15:45 EST/20:45 GMT | News Source: Reuters | Posted By: Alex Harris | ||
|
The Securities and Exchange Commission has agreed to settle with Microsoft Corp. over allegations the software giant misled investors by understating revenues, SEC Commissioner Isaac Hunt said on Friday. Without admitting any wrongdoing or facing any fine, Microsoft will cease using the accounting practice to smooth out its earnings under the pact approved in an SEC vote taken on Thursday. "The commission and Microsoft entered into an agreement to settle the case," Hunt told Reuters. "It's a cease-and-desist order. They've agreed not to do it in the future." Commissioners Isaac Hunt and Cynthia Glassman backed the settlement. SEC Chairman Harvey Pitt, who represented Microsoft's auditor Deloitte & Touche LLP as a private securities attorney, recused himself, a source familiar with the matter said. For more than two years, the SEC had been looking at Microsoft's alleged use of so-called "cookie jar" accounting -- the practice of taking reserves that can be used to pad revenues during lean times. | ||
|
Write Comment
Return to News |
Displaying 601 through 617 of 617 Prev | First |
The time now is
10:15:50 PM
ET.
Any comment problems? E-mail us |
|
Write Comment
Return to News |
Displaying 601 through 617 of 617 Prev | First |
The time now is
10:15:50 PM
ET.
Any comment problems? E-mail us |
