The $3 Billion Rumor
from the ouch dept
Last week PeopleSoft lost nearly $3 billion in their valuation thanks to an instant message sent around by a hedge fund partner. The IM suggested that PeopleSoft had accounting irregularities and some huge lawsuits going on. It turns out this wasn't true, and the guy from the hedge fund later retracted his statements. PeopleSoft, however, is understandably pissed, and have sent all the info they have about this guy to the SEC.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.
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WTF?
PS. My dentist's cousin's ex-husband overheard someone on on a cell-phone at the laundromat saying that the EU is about to launch a major legal action against Microsoft.
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