Help with posting, somebody?

by **pugzleyca3** » Wed May 31, 2006 2:52 am

I have another document that Mr. Grove said I could post here, but when I try, it says html comments not allowed. I also have 3 pdf files and have no idea how to post them. If you look at the original post where the link to Grove's audio tape is, I posted 3 humongous posts there and am not sure if this is the best way to get them up here. If anyone has any idea how to do this in a more economical fashion, please help. Maybe all of this, including the other 3 long posts need to be in data dump? I don't know. And this: SEC Charges Former Logicon Executive With Aiding and Abetting Financial Accounting Fraud at Legato Systems FOR IMMEDIATE RELEASE 2003-108 Washington, D.C., Sep. 8, 2003 — The Securities and Exchange Commission today charged an executive who worked for a customer of Legato Systems, Inc. with aiding and abetting Legato's financial accounting fraud. Named in the Commission's complaint was Vincent Steckler, a former vice president of sales at Logicon, Inc., now Northrop Grumman Information Technology, a division of Northrop Grumman, Inc. According to the complaint, Steckler, 43, of Great Falls, Va., helped former Legato sales executives improperly record revenue on a sale to Logicon when Logicon was not committed to pay for the product. Recording this revenue caused Legato to overstate its 1999 third quarter operating income by 146%. The Commission previously charged Legato, its former chief financial officer and two former Legato sales executives in connection with the company's restatement of its financial results for the last three quarters of 1999. Helane L. Morrison, District Administrator for the Commission's San Francisco District Office, said, "Sales executives who book phony deals often rely on assistance from people who work for their customers. Today's action highlights the Commission's resolve to hold such persons responsible when they knowingly assist in fraudulent revenue recognition practices." The Commission's complaint alleges that Steckler assisted two former Legato sales executives in drafting a side letter in connection with an order by Logicon to purchase Legato software for resale to the U.S. Air Force. The side letter granted Logicon the right to cancel the transaction, and noted that the cancellation provision could not appear on the face of Logicon's purchase order "because of the impact on revenue recognition." Unaware of the side letter and the cancellation provision, Legato's finance department caused the company to recognize revenue on the order. As a result of this transaction, Legato's original Form 10-Q for the Sept., 30, 1999, quarter improperly overstated the company's net income by approximately $2 million (146%). Legato later restated this income, and the transaction was ultimately cancelled following the discovery of the side letter. The complaint charges that Steckler aided and abetted Legato and certain of its former officers in violating the antifraud provisions of the securities laws, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder; provisions prohibiting the circumvention of Legato's internal accounting controls and falsification of its records, Section 13(b)(5) of the Exchange Act and Rule 13b2-1thereunder; and provisions requiring the company to provide accurate periodic reports and make and keep accurate books and records Sections 13(a) and 13(b)(2)(A) of the Exchange Act and Rules 12b-20 and 13a-13 thereunder. The complaint seeks a permanent injunction against future violations by Steckler, as well as monetary penalties. In May 2002, the Commission sued Legato's former executive vice president of worldwide sales, David Malmstedt, and its former vice president of sales for North America, Mark Huetteman, for securities fraud for their roles in causing Legato to overstate its financial results for fiscal 1999. At the same time, Legato and its former chief financial officer, Steven Wise, consented to the issuance of a Commission order directing that they cease and desist from violations of the books and records, internal controls and periodic reporting provisions of the federal securities laws. For more information, please contact: Helane L. Morrison District Administrator Tel: (415) 705-2450 Robert L. Mitchell Assistant District Administrator Tel: (415) 705-2351 U.S. Securities and Exchange Commission San Francisco District Office <a href="http://www.sec.gov/news/press/2003-108.htm">www.sec.gov/news/press/2003-108.htm</a> -------------------------------------------------------------------------------- Home | Previous Page Modified: 09/08/2003 Edited by: <A HREF=http://p216.ezboard.com/brigorousintuition.showUserPublicProfile?gid=pugzleyca3>pugzleyca3</A> at: 5/31/06 12:54 am

by **Sepka** » Wed May 31, 2006 4:19 am

<blockquote>Quote:<hr>when I try, it says html comments not allowed.<hr></blockquote> I'm guessing you'd not be comfortable just stripping out HTML markups with a text editor, else you'd not be asking. Try this: Save Mr. Grove's document on your computer. I'm guessing it's a Windows machine. Once you've got it saved, double-click on the file name to open it. Once it's open and displayed, open NotePad (NOT WordPad). Now highlight the text in Grove's document by dragging your mouse across it. Once you've highlighted a section, hit "[cntrl] C" to copy it. Position the cursor in NotePad, and hit "[cntrl] V" to paste. You may end up with minor formatting issues, but this will work from almost any application. You can then copy and paste directly from NotePad onto the board. If you're working from a *.pdf, you'll have to use the PDF viewer's own "copy" command. If Groves' document is a word processor document (MS Word, Sun Writer, WordPerfect, etc) you should be able to just choose "save as" from the menu, and save it as "plain text", which can then be opened again, and cut and pasted directly into the board. Give those a try. -Sepka the Space Weasel Edited by: <A HREF=http://p216.ezboard.com/brigorousintuition.showUserPublicProfile?gid=sepka>Sepka</A> at: 5/31/06 2:20 am

Help with posting, somebody?

Help with posting, somebody?

Re: Help with posting, somebody?

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