Summary: A recollection of the SEC’s correspondence with Microsoft regarding lack of clarity
That should inspire confidence in shareholders. Depending on the outcome of an appeals process to prop up the bottom line is not good business. If the taxation contingency is $7billion for the audit of 2006, what could be the size of the contingency for all those other years?
We covered this at the time. The CFO left the company and was paid to keep quiet. Just what exactly is going on at Microsoft and why is it taking loans? Much of the money might be stashed abroad, but how much really? Microsoft is shrinking and living on some borrowings. █