SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: johnd who wrote (25301)6/30/1999 6:20:00 PM
From: taxman  Read Replies (3) | Respond to of 74651
 
from bloomberg

Microsoft Corp. (MSFT): The world's biggest software maker's chief financial officer, Greg Maffei, said the U.S. Securities and Exchange Commission is reviewing its accounting policies regarding its financial reserves. The company said it's cooperating with the SEC in its review. The review was sparked by an article in the Wall Street Journal, Maffei said. Maffei said analysts consensus earnings estimates are on the mark. The company is expected to earn 35 cents a share for the fiscal fourth quarter. Microsoft rose 2 3/16 to 90 3/16.

regards




To: johnd who wrote (25301)6/30/1999 6:22:00 PM
From: t2  Respond to of 74651
 
i guess the investigation is about taking reserves ---being too conservative in their accounting. Per WSJ interview on CNBC.
Ex-empolyee sued the company saying MSFT took up reserves to smooth earnings. However, MSFT had already replied with a 1600 page reply.

I bet other companies would love to have these kinds of problems.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News