"As far as we've been told, the SEC is looking into acquisitions."
Well actually crash, we've been told quite a bit more...
GTE "today announced that it has learned that the Securities and Exchange Commission has issued a formal order of investigation concerning, among other things, certain accounting issues, including the treatment of certain acquisitions and the valuation of certain intangible assets."
Don't forget about the valuation of those "intangible" assets. And of course all those "OTHER THINGS". We now know how GTE likes to "overly promote" in their press releases. If they were only willing to tell us about these two items, one can only imagine how bad the "OTHER THINGS" must be.
It's very misleading to only say-
"As far as we've been told, the SEC is looking into acquisitions."
This is about more, and once the investigation begins it can lead to much, much more.
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