IBM Hit with SEC Revenue Probe
After the close of trading, IBM Corp. (IBM ) said the Securities and Exchange Commission began a formal investigation of its accounting practices, focusing on revenue that was reported in 2000 and 2001. IBM says it believes the probe arises from a separate SEC review of the company's retail store solutions unit. Shares were halted in after-hours trading.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.