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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Raymond Duray who wrote (20449)6/28/2002 6:35:26 AM
From: EL KABONG!!!  Read Replies (1) | Respond to of 74559
 
Hey... Another scandal... Just in time for Friday's opening... In Friday's WSJ...

June 28, 2002

A new Xerox audit found that the company improperly accelerated far more revenue during the past five years than the SEC estimated in an April settlement, according to people familiar with the matter. The total amount of improperly recorded revenue from 1997 through 2001 could be more than $6 billion.


KJC