SEC charges VMware with hiding slowing sales from investors (webmaster@theregister.co.uk (Paul Kunert)/The Register)

webmaster@theregister.co.uk (Paul Kunert) / The Register
SEC charges VMware with hiding slowing sales from investors – Virtualization giant pays $8m to settle claims it pushed revenue into later quarter… without admitting liability VMware misled investors about its order backlog management processes that allowed it to roll revenue into future quarters by postponing product delivery dates to customers to conceal slowing sales relative to forecasts. …

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