More Under Armour Red Flags...
November 20, 2009
Stock Jocks Punish Under Armour's Mathletes | www.cnbc.com
Under Armour's most recent 10K contains a number of financial reporting "red flags" that reflect a cavalier attitude toward financial reporting transparency.
What the Former SEC Chairmen Missed...
November 19, 2009
Don't Let Banks Hide Bad Assets | online.wsj.com
Conceptually, the arguments favoring fair value accounting are sound and quite appealing. Unquestionably, financial statement users will benefit from data about how a company’s assets and liabilities change in value during a reporting period. However, there are two major issues associated with fair value reporting that accountants, investors, legislators, and regulators need to address in the wake of our most recent financial crisis.
What Have the Accountants Done For Us Lately?
November 19, 2009
Systemic risk legislation threatens FASB’s independence | www.accountingweb.com
Debates about the causes of the recent financial crisis have yet to focus on the inability of financial institution independent auditors to provide adequate oversight over management’s valuations of financial instruments.
Obama Expected to Sign Generous NOL Carryback Bill on Friday
November 5, 2009
Congress Passes Unemployment Bill With Tax Items | www.journalofaccountancy.com
On Thursday, Congress sent a bill to the White House containing enhanced net operating loss (NOL) carryback opportunities for most companies. The bill contains a provision extending the NOL carryback period from two years to five years for losses incurred in 2008 or 2009. President Obama is expected to sign the bill on Friday which would result in the immediate filing for refunds by many companies.
Obama Administration Moves Foreign Earnings Tax Deferral Reform to Back Burner
October 13, 2009
Business Fends Off Tax Hit | online.wsj.com
Once again, a proposal to reform how a U.S. based multinational company's foreign earnings are taxed has failed to gain congressional support. Similar proposals introduced over the past twenty years have consistently failed to gain traction. The current proposal was part of the Obama administration's fiscal year 2010 budget which made reference to additional tax revenues in excess of $200 billion related to the reform of corporate taxation on foreign earnings.
Samsung and Numonyx See PRAM-PCM as Next Winner
October 3, 2009
Samsung upbeat about PRAM market | www.digitimes.com
Flash memory will hit the end of its life in the next few years.Samsung and Numonyx are betting that phase-change memory, PRAM or PCM, will fill the void to become flash's successor.Other companies, Spansion, Macronix, SST, Sharp, and Hynix, have not disclosed their plans, but Intel, Toshiba, and Micron have outlined different plans.
Why has Yahoo allowed themselves to become the RC Cola of search?
July 16, 2009
Chrome vs. Bing vs. You and Me | www.nytimes.com
Yahoo has been surprisingly quiet given the news of their main competitive set. Is it a tactical decision to ride out the first wave of the storm or is there more at play here?
Truth is truth, whether it's welcome news or not
July 7, 2009
The Fair Value Deadbeat Debate Returns | www.cfo.com
Financial reporting works best, and maybe only, when it is complete and unbiased. If it is biased to manage the message, it becomes a method of distributing propaganda and all credibility is lost.The economics of gain occurrence is unarguable. If management can retire a debt for a smaller amount than the carrying value, then there are fewer liabilities and more equity. More equity means income has occurred. There is no rationality behind efforts to suppress truthful news just because you don't like it. Let's all hope the standard setters are not swayed by "visceral" impulses into the direction of keeping useful information out of financial statements. The inevitable consequence is greater risk and discounted share and bond prices, simply because users don't have access to the truth. That does no one any good.
"Why isn't Twitter on the plan?"
June 30, 2009
Google v. Facebook? What We Learn from Twitter. | battellemedia.com
Clients are actively being asked by their management in almost every effort, 'How is this social?' Every marketer should aim to educate themselves as to what makes for a viable effort that has social implications. But how can you gently tell colleagues and clients not everything can be social or should be?
The NOR Flash Market is Headed for Big Changes
June 10, 2009
SST Strengthens Management Team by Appointing Bertrand F. Cambou as President | www.marketwatch.com
With Spansion moving away from their Wireless business they will have to grow by taking share from other embedded companies like SST (Silicon Storage Technology, Inc), Winbond, Macronix, ISSI, and others. This will also impact long-time rival Numonyx, the merger of Intel's and STmicroelectronics' NOR flash businesses, and even Samsung.
Obama Expected to Sign Generous NOL Carryback Bill on Friday
November 5, 2009
Bank of America and The Lesson of Parmalat
September 15, 2009
September 6, 2009
The Consequences of The UBS Tax Evasion Cases
September 1, 2009
The Reality of UBS and Liechtenstein Tax Settlements
August 25, 2009