Victim, my ass! This is why HP and all big companies employ hoardes of accountants and attorneys. It’s a FAILURE to perform due diligence prior to the deal. Yes companies can lie and fudge a little but NOT this much. This is incompetence and following the Obama Rule, ones own incompetence is always to be blamed on others.
Victim, my ass! This is why HP and all big companies employ hoardes of accountants and attorneys. It’s a FAILURE to perform due diligence prior to the deal. Yes companies can lie and fudge a little but NOT this much. This is incompetence and following the Obama Rule, ones own incompetence is always to be blamed on others.
____________________________________
Step one: how much does the company have in the bank as cash?
Step two: how much deferred revenue?
Step three: how much deferred expenses?
If you are valuing the company on two and three, beware. I’m sure the accounting firms will be held harmless.