Thread: Nook Cooked the Books
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Old 12-06-2013, 02:48 PM   #1
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Nook Cooked the Books
Quote:
Originally Posted by Forbes
In Barnes & Noble’s quarterly report filed Thursday, the company noted that the SEC “notified the Company that it had commenced an investigation into: (1) the Company’s restatement of earnings announced on July 29, 2013, and (2) a separate matter related to a former non-executive employee’s allegation that the Company improperly allocated certain Information Technology expenses between its NOOK and Retail segments for purposes of segment reporting.” The company announced that it is cooperating with the SEC on this matter.
I wonder how this will affect a Microsoft Acquisition.
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