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New Funding for Appcelerator and Jaspersoft
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| Internetnews quotes Nick Halsey, vice president of marketing at Jaspersoft,
| as saying that Jaspersoft's news of its deal with Red Hat will be announced
| later this week. According to Halsey, Jaspersoft's new financing totals $12.5
| million, bringing the company's total venture financing to $43.5 million. Red
| Hat has never invested in Jaspersoft before.
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http://ostatic.com/blog/new-funding-for-appcelerator-and-jaspersoft
Recent:
Zmanda's Revenue and Subscriber Base Quadrupled in 2008 via Open Source Data
Protection Solutions
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| While data protection is a key factor in all sized businesses, the cost of
| data protection has become a challenge for businesses that are affected by
| economical crisis.
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http://it.tmcnet.com/topics/it/articles/46682-zmandas-revenue-subscriber-base-quadrupled-2008-via-open.htm
Microsoft's Market Cap Falls $24B in 17 Days
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| Microsoft is on the list. Today, the stock closed at $25.01 a share, down
| $2.39, or 8.72 percent.
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http://www.microsoft-watch.com/content/corporate/microsofts_market_cap_falls_24b_in_two_weeks.html?kc=MWRSS02129TX1K0000535
Ballmer says Microsoft not immune from global crisis
http://news.yahoo.com/s/nm/20080930/bs_nm/us_microsoft_ballmer;_ylt=Au5VO.rh_OuPGHCBr9O.m4K573QA
Ex-Microsoft boss sentenced
http://seattlepi.nwsource.com/business/371393_msftcourt19.html
Related:
Former Microsoft Manager Gets 2 Years In Jail
http://news.portalit.net/fullnews_former-microsoft-manager-gets-2-years-in-jail_1427.html
SEC Investigating Microsoft Practices -- Earnings Manipulated, Former Employee
Contends
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| "The CFO to whom Charlie was reporting his concerns about illegality was the
| biggest advocate for the very illegality that was going on," Vial argued in
| court a year ago.
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http://community.seattletimes.nwsource.com/archive/?date=19990701&slug=2969514
Microfraud?
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| THE ALLEGATIONS WERE shocking: For years, Microsoft has systematically
| distorted its profit figures in an effort to consistently beat Wall Street
| expectations and keep its stock price steadily rising. The false reports
| would violate SEC regulations, and amount to outright fraud.
|
| More shocking was the source of the allegations: Microsoft's chief of
| internal audits, Charlie Pancerzewski, who reported directly to the company's
| chief financial officer.
|
| Most shocking of all was what happened to Pancerzewski when he reported the
| suspicious bookkeeping to his supervisors, Microsoft CFO Mike Brown and chief
| operating officer Bob Herbold, in the spring of 1995. Soon afterward,
| Pancerzewski—who for nearly five years had received stellar performance
| evaluations—received his first-ever unsatisfactory one, and was eventually
| forced to resign.
|
| Two months ago, Microsoft quietly settled a lawsuit containing these
| allegations, filed in 1997 by Pancerzewski under the Whistleblowers
| Protection Act. The auditor claimed he was wrongfully terminated after
| telling his supervisors that Microsoft might be breaking securities and tax
| laws. The lawsuit made its tortuous way through several rounds of pretrial
| motions until last fall, when US District Judge Carolyn Dimmick denied
| Microsoft's final plea for summary judgment, finding credible evidence that
| Microsoft may have violated SEC rules, as Pancerzewski alleged. Shortly
| thereafter, Microsoft and Pancerzewski settled out of court. Terms of the
| agreement were sealed, but one source who claims familiarity with the case
| says that Microsoft paid Pancerzewski $4 million.
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http://web.archive.org/web/20070308032343rn_2/www.seattleweekly.com/1999-01-06/news/microfraud.php
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