Xerox still can't come up with anything original! Bad joke, I know, but you have to laugh at something. This is just too outrageous.
Xerox Corp. on Friday said it would restate five years of results to reclassify more than $6 billion in revenues, an expected move in yet another scandal to batter confidence in Corporate America's accounting.
The announced rattled investors, who were shaken by the revelation earlier this week by U.S. telecoms carrier ( news - external web site) WorldCom that it hid nearly $4 billion in expenses, and after several years of nagging questions about Xerox's accounting practices
Later in the article, we find out that the actual monetary difference is "only" 1.4 billion.
That's a relief...
Posted by Rich at June 28, 2002 1:50 PM