Welcome to WebmasterWorld Guest from 188.8.131.52
Forum Moderators: bill
Microsoft Corp.'s search-technology unit Fast Search & Transfer is facing a police investigation in Norway concerning possible financial-accounting irregularities.Microsoft's unit Fast Search & Transfer Faces Police Investigation [online.wsj.com]
Fast had booked $50 million in fake revenue, $20 million in fictional contracts, a company director purchased an unprofitable company called Hercules Communications and sold it to Fast for $6 million. The company’s executives siphoned millions from the company to luxury homes and fancy cars (see below - Former President in a Audi R8) and worst Microsoft was aware of all this prior to the purchase.
[edited by: incrediBILL at 9:35 pm (utc) on July 9, 2008]
The people who wrote that article don't think much of MS's purchases of aQuantive or Powerset either.