[Am-info] SEC suspects MS may have massaged results

[Fred A. Miller]

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SEC suspects MS may have massaged results

"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."

http://www.theregister.co.uk/content/4/24046.html

- -- 
Fred A. Miller
Systems Administrator
Cornell Univ. Press Services
fm@cupserv.org

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