Microsoft to settle SEC deal
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Manufacturing News, Source : TheManufacturer.com
Published : 31 May 2002 8:33
Software giant Microsoft is in talks to settle an investigation by stock market regulators into allegations that it has filed false figures, according to reports.
Althought the company has a long history of meeting stock market expectations with its quarterly profit and sales numbers, the reliability of those numbers has been questioned by the Securities and Exchange Commission.
The result of the investigation will probably not be a fine, according to experts. Instead, they believe, the company is set to make a public pledge to abide by the rules in future.
The investigation follows years of on-target earnings from Microsoft, which has attracted suspicion in some quarters.
Should the allegations prove to be true, they would be the mirror image of most of the accounting irregularities the SEC is currently examining, which usually involve companies claiming to make more money than in fact they have.
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