May 18
1:49 PM

“Enormous” Accounting Errors

ProQuest (electronic archived information provider) is [apparently] in serious financial trouble:  "A little more than a week ago, ProQuest released the preliminary results of an investigation into accounting problems the company believes will reduce its earnings by between $80 million and $100 million in 2004 and 2005…"  That’s a bunch when you consider the company reported profits of $52.7 million last year.  See, Ann Arbor News for more.

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