The following message is a courtesy copy of an article that has been posted to bit.listserv.ibm-main as well.
[EMAIL PROTECTED] (Timothy Sipples) writes: > This would be the "I don't believe the number is accurate" argument I > guess. > > Well, if you think there's an error in IBM's earnings report, you can > contact the SEC by visiting http://www.sec.gov. re: http://www.garlic.com/~lynn/2008k.html#20 IBM's 2Q2008 Earnings I didn't say that IBM was having auditing and accounting errors ... I said that there is increasing percentage of filings that having to be restated because of audint and accounting errors. for other drift ... earlier the this week ... in congressional committee statement, there was statement that SEC was going to start going after (illegal) naked shorts. The business program that carried the testimony then made derogatory references about SEC now making it triple illegal as opposed to only double illegal (i.e. there were already regulations making naked short sales illegal ... but not being enforced). recent post http://www.garlic.ccom/~lynn/2008k.html#1 dollar coins then yesterday when they announced something about the earlier statement only applied to very narrow situations ... the business program comments were about "business as usual"/ earlier post referring to the gao report(s) http://www.garlic.com/~lynn/2008f.html#96 and reference to 2003 GAO report 'Financial Statement Restatements: Trends, Market Impacts, Regulatory Responses, and Remaining Challenges' http://www.gao.gov/cgi-bin/getrpt?GAO-03-138 and more recent 2006 GAO report Financial Restatements: Update of Public Company Trends, Market Impacts, and Regulatory Enforcement Activities http://www.gao.gov/new.items/d06678.pdf Financial Restatement Database http://www.gao.gov/new.items/d061053r.pdf and update (2006) http://www.gao.gov/special.pubs/gao-06-1079sp ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to [EMAIL PROTECTED] with the message: GET IBM-MAIN INFO Search the archives at http://bama.ua.edu/archives/ibm-main.html
