Get your business up and running
Hollister
– Learn how to get started the right way by participating in
this 2-hour workshop presented by the Gavilan College Small
Business Development Center.
Get your business up and running
Hollister – Learn how to get started the right way by participating in this 2-hour workshop presented by the Gavilan College Small Business Development Center.
‘Starting Your Own Business’ presents an overview of marketing essentials, produce selection, goal setting, legal issues and others. Attend this workshop and get your questions answered.
The workshop will be held Thursday, Jan. 19, from 1 to 3pm at the Briggs Building, 365 Fourth St., Room 6. The cost is $20 payable in advance or at the door, although space is limited.
Details: 847-0373.
McAfee agrees to pay $50 million to settle SEC charges
San Jose – McAfee Inc., a maker of antivirus and security software, agreed to pay $50 million to settle accounting fraud charges filed by the Securities and Exchange Commission.
The Santa Clara-based company, which did not admit wrongdoing, was accused of overstating revenue and profit by hundreds of millions of dollars between 1998 and 2000. During that period, McAfee inflated its cumulative net revenue by $622 million, with sales for 1998 alone being misrepresented by $562 million, according to the SEC.
McAfee misrepresented to investors that it had exceeded its revenue forecasts and analyst estimates for profit during the two-year period, the SEC charged. The company used a variety of “undisclosed ploys” to oversell products to distributors in amounts that exceeded the public demand.
The fine will be deducted from a $50 million charge the company reported in the quarter ended Sept. 30, so it will not count against future profit, said company spokeswoman Siobhan MacDermott.
McAfee also agreed to appoint an independent consultant to review its policies for recognizing sales and expenses and to expand a program that allows partners and customers to anonymously report suspected unlawful or unethical behavior.
