More stock probes shake industry
Can you say “class action suit?”
Accounting woes may be harming companies’ images
Martin Veitch, IT Week 04 Sep 2006
Novell has added itself to the long list of IT companies investigating their previous accounting practices. Some experts believe that the trend could affect customers as suppliers get distracted by such probes.
Novell said it would conduct an internal investigation, possibly necessitating a delayed filing for the financial quarter. The company said it is taking this action “in light of news about the stock-option practices of numerous companies across several industries”.
Source: IT Week