Previous
Red Hat's Restatement Prompts Lawsuits
News At least nine law firms have announced legal actions on behalf of Red Hat investors in the wake of the Linux seller's restatement of three years of financial results. Red Hat chief executive Matthew Szulik and chief financial officer Kevin Thompson...
[July 16, 2004, 8:50]
Network Associates Pulls McAfee Bid
News The security software company said on Thursday that during an amendment of its 1999 tax return it discovered accounting inaccuracies in its 1999 and 2000 financial statements that will require the restatement of results for those periods.
[April 25, 2002, 16:33]
RIM Chairman Quits Over Stock Options
News Balsillie and co-chief executive Mike Lazaridis have also "voluntarily offered to assist RIM in defraying costs incurred in connection with the review and the restatement" by contributing up to five million Canadian dollars (£2.2m) each.
[March 6, 2007, 12:11]
Oracle Special: Searching For Solutions
News The restatement stemmed from Legato's sales team offering unauthorised payment terms to distributors that purchased and resold its data storage software. Legato Systems said last August that SEC regulators would investigate its 1999 financial...
[July 2, 2001, 13:43]
Dell Fudged Numbers To Meet Quarterly Targets
News With the restatement, Dell should have earned $561m, or 21 cents a share. After the restatement, Dell actually earned $620m in GAAP net income, or $900m without the charge, which would have been 35 cents a share.
[August 17, 2007, 10:33]
The Canadian Response To Sarbanes-Oxley
White Papers Since Enron's Q3 restatement, industry watchdogs have been engaged in an urgent struggle to find the optimal regulatory balance, eager to allay investor fears and yet wary of imposing excessive burdens on market participants.
[January 1, 1970, 0:59]
VeriSign Expected To Restate Earnings
News The restatement is the result of having to account for additional non-cash, stock-based compensation expenses, relating to the granting of options at favourable periods when the stock was trading at levels lower than when the grants were initially...
[November 23, 2006, 9:25]
Investigation Leads AOL To Restate Revenue
News This restatement will not affect the company's committed liquidity, which includes over $8bn of cash and unused bank facilities. The media conglomerate said the restatement would reduce revenue by $190m (£122m) and would erase $97m in qualified...
[October 24, 2002, 7:41]
It Was A Pun ..
Talkback Your comment about IBM losing money on Open Source but making it back on services and hardware is really just a restatement of my explanation of how companies are adapting to the new environment. .but I guess that one fell flat.
[March 8, 2007, 18:49]
Disgorgement Of Compensation And Profits Under The Sarbanes-Oxley Act Of 2002
White Papers Section 304 of the Sarbanes-Oxley Act of 2002 (the "Act"), which became effective on July 30, 2002, provides that if an issuer is "required" to prepare an accounting restatement "due to" material noncompliance with securities law financial...
[January 1, 1970, 0:59]
Billion Dollar Value Proposition: Ensuring Integrity Of Financial Statements
White Papers Timely access to risk-related information ensures executives can ask the kinds of questions that may avert billion dollar restatement surprises later. Each EMC Documentum Audit and Compliance eRoom provides a repeatable, consistent set of processes...
[January 1, 1970, 0:59]
MSX International Goes Global, Smashes Language And Currency Barriers
White Papers This implementation gave massive reduction of processing time for currency restatement process, reported in real time and visibility of European results dramatically improved. MSX International (MSXI) combines innovative people, standardized...
[January 1, 1970, 0:59]
Veritas Pays $30m To Settle SEC Case
News The settlement "arose from an AOL (America Online) transaction and the Veritas 2004 financial restatement", the company said in a statement. Advertising is usually pricey but for Veritas it has turned out particularly expensive.
[February 26, 2007, 14:24]
Informix Sets Date For 'staff Axe Rumour' Meeting
News Speculation has been rife ever since Finocchio ordered a restatement of the company's results following the discovery of irregularities during the past two years. Beleaguered database giant Informix refused to be drawn today on speculation that it...
[November 12, 1997, 12:46]
US Report: Microsoft Offers First Formal Response To Court
News The company said it planned to file a more complete restatement of its position by Aug.when it responds to the government's motions for a preliminary injunction. On Tuesday, the company issued two legal filings, marking its first formal response in...
[July 29, 1998, 11:36]
NHS IT Timescale Questioned As ISoft CEO Resigns
News Aside from throwing iSoft’s accounting practices into a negative light, this restatement wiped out its recent profits and knocked 40 percent off its share value. The chief executive of beleaguered health software developer iSoft has resigned...
[June 15, 2006, 9:40]
Juniper Faces Delisting After Finance Probe
News But the company also admitted that it still could not "determine the amount of such charges, the resulting tax and accounting impact, or which specific periods require restatement". Juniper Networks faces being delisted from the Nasdaq share index...
[August 11, 2006, 13:35]
CA Execs Hold On To Million-dollar Bonuses
News Because of the restatement, Amalgamated is calling on CA to take back bonuses and other money paid to Kumar and other executives. Computer Associates International shareholders on Wednesday struck down a proposal to recoup money paid out to...
[August 26, 2004, 9:30]
DoJ Investigates Network Associates
News The company's restatement of earnings is the result of a shift in accounting methods and is unrelated to a correction that the company made 10 months ago arising from errors in tax filings, said Keavney.
[March 27, 2003, 8:52]
Juniper Loses Two Key Executives
News News of the resignation comes a day after Juniper completed a restatement of past financials dating back to 2002. Juniper Networks said Tuesday that two executives, including its chief financial officer, resigned on Monday.
[March 14, 2007, 8:16]
