All That Money Was Just A Typo
from the hard-to-believe dept
While the NY Times last week did some good investigative reporting to find out that Computer Associates may have been cooking the books, there's now a simpler explanation to all the trouble. Computer Associates has now admitted that in their most recent filing there was a "typo" claiming they had a profit of $0.40/share rather than the actual $0.16/share. That is quite a "typo". It's a bit hard to believe that no one noticed that this "typo" gave the company more than twice the profits it actually had. From now on whenever I get caught being wrong about anything I'm going to claim it was just a typo. I wonder who the sacrificial lamb is going to be who gets fired for incorrectly proof reading the financial statements.
Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.
While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.
–The Techdirt Team
