Xerox admits to huge accounting errorgreenspun.com : LUSENET : Y2K discussion group : One Thread |
Company's restatement says $6.4 billion was improperly reported over 5 years
By Alex Pham / Los Angeles TimesThe drumbeat of corporate misdeeds grew louder Friday when Xerox Corp. disclosed that it improperly had booked $6.4 billion in revenue over a five-year period, far larger than the $3 billion estimated in April when federal regulators slapped the photocopier giant with the largest fine for fraud in corporate history.
Detroit News
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Y2K ArchivesN.Y. Court Rules Against Xerox on Y2K Insurance Coverage
-- Anonymous, July 01, 2002