More from the creative accounting dpt., Today: Xerox

To: <marxism@xxxxxxxxxxxxxxx>, "Discussions on the Socialist Register and its articles" <SOCIALIST-REGISTER@xxxxxxxx>
Subject: More from the creative accounting dpt., Today: Xerox
From: "Johannes Schneider" <Johannes.Schneider@xxxxxxx>
Date: Fri, 28 Jun 2002 14:57:50 +0200

Friday, 28 June, 2002, 12:13 GMT 13:13 UK
Accounting panic hits Xerox
In yet another blow for corporate America, shares in the office equipment
giant Xerox have lost almost a third of their value in pre-market trading
after a newspaper suggested the firm massively inflated its profits.
The company has already indicated that it mis-stated its accounts by just
under $2bn during the past five years. A report in the Wall Street Journal,
however, suggests the accounting black hole could be as large as $6bn.
full:
http://news.bbc.co.uk/hi/english/business/newsid_2071000/2071689.stm

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- The real Peter Boyle, Louis Proyect Fri 28 Jun 2002, 13:44 GMT
- Salon faces bankruptcy, Louis Proyect Fri 28 Jun 2002, 13:44 GMT
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- Flags was RE: On the Loyalist Problem, Smith, Gerard Fri 28 Jun 2002, 13:26 GMT
- More from the creative accounting dpt., Today: Xerox, Johannes Schneider Fri 28 Jun 2002, 13:11 GMT
- revolutionary party/whatever?, Nancybrumback Fri 28 Jun 2002, 13:02 GMT
- Cardinal vs. Trudeau, Smith, Gerard Fri 28 Jun 2002, 13:02 GMT
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