Feeds

SEC, Nasdaq gently coshing NEC

Dance of the acronyms

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

The SEC has moved up the pressure on NEC a notch, sending the Japanese firm an "informal inquiry letter".

The letter asks NEC to disclose certain documents to the US markets regulator, the firm said yesterday, adding it would cooperate fully with the SEC inquiry.

NEC has had a tricky few weeks in the US. Last month it received a delisting notice from NASDAQ after it failed to file its annual report in time, apparently to review its accounting practices. Its main problem, was how to recognise "revenue from maintenance and support services provided as part of multiple element arrangements with respect to IT solutions".

It's not immediately clear if this difficulty is the reason why it announced yesterday that it would begin preparing its accounts in line with Japanese accounting principals as of the first half of the fiscal year ending March 31, 2007, i.e., the six months ending September 30. In the meantime, the preparation of US GAAP results "may take considerable time".

It is also not clear what bearing this will have on its ongoing issues with NASDAQ. ®

Beginner's guide to SSL certificates

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
5 critical considerations for enterprise cloud backup
Key considerations when evaluating cloud backup solutions to ensure adequate protection security and availability of enterprise data.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Getting ahead of the compliance curve
Learn about new services that make it easy to discover and manage certificates across the enterprise and how to get ahead of the compliance curve.