Microsoft, SEC discuss violations
The Securities and Exchange Commission (SEC) and Microsoft are in talks to resolve allegations that the software giant “misrepresented its financial statements to satisfy Wall Street’s demands for steady revenue and profit growth.” The settlement is still weeks away, according to reports, but surprisingly, Microsoft is not expected to be levied with any fines. Instead, a company in this situation normally “pledges to abide by SEC rules,” say people familiar with the issue. Read More
