top | item 27922266

(no title)

abz10 | 4 years ago

AFAIK it was good old fashioned accounting fraud. Losses booked as marketing expenses, lifetime revenue of contracts booked immediately, bundling overpriced software with underpriced hardware to change the revenue mix to get better valuation multiples. The fact that such blatant fraud could be missed for so long is an indictment of everyone involved.

discuss

order

No comments yet.