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Apple, Dell and More: 10 Accounting Slips To Avoid

Many companies throughout the IT industry grapple with earnings restatements, late SEC filings and other related challenges. Here is a look at accounting stories you should know about, as part of your due diligence:

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Software maker BEA Systems lrecently restated several quarters worth of earnings -- the result of an options backdating scandal that will cost hundreds of millions of dollars worth of restatements when all is said and done.

The mess came into focus recently when corporate raider Carl Icahn, BEA's largest shareholder, blasted BEA for spurning a takeover attempt from Oracle; Icahn suggested the options mess had been a significant drag on BEA's valuation. BEA filed its restated earnings reports on Nov. 15.

 
 
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