IBM: SEC Probing Earnings, Pay Disclosures

Iria · Jan 13, 2006, 12:10 AM

IBM, the world's biggest computer services company, said Thursday that U.S. securities regulators are formally investigating the company's first-quarter earnings report and expensing of stock options.

The probe, which sent shares down 1.3 percent, follows an informal investigation disclosed by International Business Machines Corp. in June. The stepped-up investigation gives the Securities and Exchange Commission the power to subpoena documents, e-mails and individuals.

IBM said it was cooperating in the investigation.
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Read More / Source: Fox News

Jan 13, 2006, 12:10 AM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	IBM: SEC Probing Earnings, Pay Disclosures IBM, the world's biggest computer services company, said Thursday that U.S. securities regulators are formally investigating the company's first-quarter earnings report and expensing of stock options. The probe, which sent shares down 1.3 percent, follows an informal investigation disclosed by International Business Machines Corp. in June. The stepped-up investigation gives the Securities and Exchange Commission the power to subpoena documents, e-mails and individuals. IBM said it was cooperating in the investigation. __________ Read More / Source: Fox News