[Am-info] SEC and Microsoft

[Erick Andrews]

On Wed, 13 Feb 2002 16:43:27 -0500, Gene Gaines wrote:

>
>http://www.theregister.co.uk/content/4/24046.html
>
>SEC suspects MS may have massagedresults
>By John Lettice
>Posted: 13/02/2002 at 12:17 GMT
>
>The US Securities and Exchange Commission investigation into
>Microsoft thinks the company may have been holding back cash in
>order to manipulate future earnings, according to the Wall Street
>Journal. Astute CFOs who do such things essentially 'hide' money
>from good quarters in order to pad out the more sluggish ones, thus
>allowing their company to 'beat the Street' with monotonous
>regularity, to the unbounded joy of shareholders, Street and analysts
>alike.
>
>Post-Enron, such practices are coming under closer scrutiny, but the
>SEC has been scrutinising Microsoft for two and a half years now,
>[more...]
>
>
>Gene Gaines
>gene.gaines@gainesgroup.com
>Sterling, Virginia 
>

Yep.  If you happened to see "Charlie Rose" on PBS
last night, there's a suggestion that many CEO's may
be culpable because of all the "partnership entities"
that were set up by Enron.

The SEC is now going after the who's whos that have 
invested in them.

I wait with baited breath to see if Gates' name pops up,
or if any of his minions get fingered.

-- 
Erick Andrews