Backdating a computer Adult live web cam paid money

When the company stopped the practice at the end of the first quarter of 2001, it fell short of the Wall Street earnings estimate and the share price fell by more than 43% in a single day.

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Inflated figures meant Computer Associates executives were paid more than they should have been – extra compensation that came from shareholders’ pockets.Richardson notes that companies are not required to keep mum about revenues received after a reporting period ends.These “order backlogs” can be detailed in quarterly reports so long as they are not in the quarter’s revenue and earnings calculations.Computer Associates executives are accused of something far more prosaic: keeping the books open a few days after the end of the reporting period so revenues could be counted a quarter earlier than it ought to have been.Computer Associates executives are not accused of reporting nonexistent deals or hiding major flaws in the business.During the four quarters of fiscal 2000, for example, the practice improperly inflated revenues by 25%, 53%, 46% and 22%, respectively.The SEC said the goal was to meet or beat per-share earnings estimates of Wall Street analysts, a key to keeping a company’s stock price rising.Without the padded revenue, earnings would have been a mere 5 cents per share and the stock price might well have fallen.The victims in the case were the shareholders who were led to believe the company was more profitable than it was, Richardson says.The most extreme incident was the second quarter of 2000, when the company reported 7 million in revenues beyond the

Inflated figures meant Computer Associates executives were paid more than they should have been – extra compensation that came from shareholders’ pockets.

Richardson notes that companies are not required to keep mum about revenues received after a reporting period ends.

These “order backlogs” can be detailed in quarterly reports so long as they are not in the quarter’s revenue and earnings calculations.

Computer Associates executives are accused of something far more prosaic: keeping the books open a few days after the end of the reporting period so revenues could be counted a quarter earlier than it ought to have been.

Computer Associates executives are not accused of reporting nonexistent deals or hiding major flaws in the business.

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Inflated figures meant Computer Associates executives were paid more than they should have been – extra compensation that came from shareholders’ pockets.Richardson notes that companies are not required to keep mum about revenues received after a reporting period ends.These “order backlogs” can be detailed in quarterly reports so long as they are not in the quarter’s revenue and earnings calculations.Computer Associates executives are accused of something far more prosaic: keeping the books open a few days after the end of the reporting period so revenues could be counted a quarter earlier than it ought to have been.Computer Associates executives are not accused of reporting nonexistent deals or hiding major flaws in the business.During the four quarters of fiscal 2000, for example, the practice improperly inflated revenues by 25%, 53%, 46% and 22%, respectively.The SEC said the goal was to meet or beat per-share earnings estimates of Wall Street analysts, a key to keeping a company’s stock price rising.Without the padded revenue, earnings would have been a mere 5 cents per share and the stock price might well have fallen.The victims in the case were the shareholders who were led to believe the company was more profitable than it was, Richardson says.The most extreme incident was the second quarter of 2000, when the company reported $557 million in revenues beyond the $1.047 billion it could properly claim.The company thus reported 60 cents in earnings per share, beating the consensus Wall Street forecast of 59 cents.

.047 billion it could properly claim.The company thus reported 60 cents in earnings per share, beating the consensus Wall Street forecast of 59 cents.

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