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Pay Secret
Comverse Turns Up New Accounting Problems (AP via Yahoo! Finance)
Voicemail software maker Comverse Technology Inc. said Tuesday that during its probe into past stock-option grant practices, it found other accounting errors.
CYMA Releases New Version 9 Accounting Software (PR Web)
CYMA Systems, a national producer of accounting software, releases Version 9 of its flagship software, CYMA IV accounting for Windows. Highlights include enhanced Job Costing functionality and quick entry features. (PRWeb Nov 15, 2006)
Comverse future threatened by new accounting problems (Computer Business Review)
A probe into options fraud at Comverse Technology Inc has uncovered a raft of new financial problems that could threaten the telecom software vendors future as a public company. A study of past accounts has revealed errors in revenue-recognition, possible misuse of accounting reserves, and the understatement of backlog.
Ex-Software Executive Sentenced to Prison (New York Times)
The former head of sales at CA Inc., the software company, was sentenced to seven years in prison for his role in a $2.2 billion accounting scandal.
CA: America's most dysfunctional company (CNN Money)
On Nov. 2, Sanjay Kumar walked into a Brooklyn, N.Y., courtroom to receive his punishment for the $2.2 billion accounting fraud and cover-up he orchestrated at the software company formerly known as Computer Associates.
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