Article Abstract:
Computer Associates responded to a New York Times article questioning the company's financial report bu rebutting the news as misleading. The software commpany's chief, Sanjay Kumar was quick to assure the public that the pro forma, pro rata process of reporting earnings was accurate. The Times article relied on the word of ex-employees and analysts for its report. The company's cash flow fell $1.1 billion for 2000. They are not under formal investigation.
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Article Abstract:
Hewlett-Packard has reported a decrease in profits for the third-quarter ending July 31, 2003, and is predicting? disappointing earnings results for the current quarter which ends in October. The company also plans to eliminate another 1,300 employees from its international labor force. H-P attributes?profit losses to reduced sales of its personal computers that were sold at lower prices.?Sales of business server computers disappointed as well. Compared to last year's third quarter, operating profit margins dropped from 18%? to 14% this year. International sales did not seem as dire thanks to a weaker dollar. Wall Street had projected 26 cents per diluted share, according to standard accounting rules, but the company achieved only 23 cents in the third quarter.
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Article Abstract:
Long before they had to withdraw Vioxx from the market, pharmaceutical company Merck and Company Inc. hadn't been meeting expectations. Many blame chief executive Raymond Gilmartin's management decisions, including reducing research spending.
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