Intel Corp (INTC): Over the years a few people on this boar...

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chipguy

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Wednesday, 10/28/2015 9:21:50 AM

Wednesday, October 28, 2015 9:21:50 AM

Over the years a few people on this board have wondered how IBM held
up its financial numbers while its individuals business segments either
stagnated or collapsed.

Apparently the SEC has become interested in this too.

http://www.theregister.co.uk/2015/10/27/ibm_being_probed_by_sec/

IBM's stock price has taken a hit after the tech titan revealed it is under investigation by the US Securities and Exchange Commission (SEC).

Big Blue said in its latest 10-Q filing that for the past two months, the financial watchdog has been looking into its accounting practices.

"In August 2015, IBM learned that the SEC is conducting an investigation relating to revenue recognition with respect to the accounting treatment of certain transactions in the US, UK, and Ireland," IBM admitted in the filing.

"The company is cooperating with the SEC in this matter."