Dach. Und dann ist auch noch Freitag. Also ist die Richtung an der Nasdaq mal wieder programmiert.
Top-News
Heute kriegen Lucent und Microschrott einen aufs
Beiträge:
4
Zugriffe: 645 / Heute: 1
Zugriffe: 645 / Heute: 1
man doch wieder runterprügeln.
Wo gibts den sowas, ca. 50 % gestiegen vom Tief, nee, da muß man draufhauen, richtig schön shortsellen muß man da, da kann man noch was verdienen.
Wo gibts den sowas, ca. 50 % gestiegen vom Tief, nee, da muß man draufhauen, richtig schön shortsellen muß man da, da kann man noch was verdienen.
CMRC sieht auch alles andere als gruen aus!
Gr.Gr.
Gr.Gr.
The Securities and Exchange Commission's enforcement division is conducting a formal investigation into possible fraudulent accounting practices at Lucent Technologies Inc., people with knowledge of the investigation told The Wall Street Journal.
The probe focuses on whether Lucent (LU) improperly booked $679 million in revenue during its 2000 fiscal year, which ended Sept. 30, according to people familiar with the investigation. The telecom-equipment maker, once a highflying spinoff of AT&T Corp. (T), restated the same revenue in December after conducting its own investigation.
As part of that restatement, Lucent deducted $199 million in credits offered to customers, and $28 million for a partial shipment of equipment. Further, the company took back an additional $452 million in revenue it had sent to its distribution partners but never actually sold to end customers.
According to one person with knowledge of related SEC documents, commission staff are investigating Lucent's procedures for booking sales, in particular its use of "nonrecurring credits," or one-time discounts, given to customers, as well as Lucent's accounting treatment of software-licensing agreements.
The SEC is also looking at how Lucent recognized revenue on sales to its distributors, who may not have sold the products, a practice known as stuffing the channels. Also under examination is the company's use of revenue targets for fiscal 2000.
"We are voluntarily and completely cooperating with the SEC," said Lucent spokeswoman Kathleen Fitzgerald.
Ms. Fitzgerald said the company initiated contact with the SEC on the morning of Nov. 21, just before it first publicly revealed some of the problems. Since then, Lucent has shared all of its findings on revenue restatements with the commission, she said. In addition, Lucent shared the results of an external audit of fiscal year 2000 conducted by PricewaterhouseCoopers LLP and Lucent's outside counsel, Cravath, Swaine & Moore, late last year. The company's lawyers have also made two in-person presentations at SEC headquarters in Washington, D.C.
The SEC has also requested documents from Lucent's customers and independent auditor, PricewaterhouseCoopers, people familiar with the matter said.
The probe focuses on whether Lucent (LU) improperly booked $679 million in revenue during its 2000 fiscal year, which ended Sept. 30, according to people familiar with the investigation. The telecom-equipment maker, once a highflying spinoff of AT&T Corp. (T), restated the same revenue in December after conducting its own investigation.
As part of that restatement, Lucent deducted $199 million in credits offered to customers, and $28 million for a partial shipment of equipment. Further, the company took back an additional $452 million in revenue it had sent to its distribution partners but never actually sold to end customers.
According to one person with knowledge of related SEC documents, commission staff are investigating Lucent's procedures for booking sales, in particular its use of "nonrecurring credits," or one-time discounts, given to customers, as well as Lucent's accounting treatment of software-licensing agreements.
The SEC is also looking at how Lucent recognized revenue on sales to its distributors, who may not have sold the products, a practice known as stuffing the channels. Also under examination is the company's use of revenue targets for fiscal 2000.
"We are voluntarily and completely cooperating with the SEC," said Lucent spokeswoman Kathleen Fitzgerald.
Ms. Fitzgerald said the company initiated contact with the SEC on the morning of Nov. 21, just before it first publicly revealed some of the problems. Since then, Lucent has shared all of its findings on revenue restatements with the commission, she said. In addition, Lucent shared the results of an external audit of fiscal year 2000 conducted by PricewaterhouseCoopers LLP and Lucent's outside counsel, Cravath, Swaine & Moore, late last year. The company's lawyers have also made two in-person presentations at SEC headquarters in Washington, D.C.
The SEC has also requested documents from Lucent's customers and independent auditor, PricewaterhouseCoopers, people familiar with the matter said.
Es gibt keine neuen Beiträge.
