AplusWebMaster
Topic Starter
FYI…
- http://www.crn.com/showArticle.jhtml?artic…bleArticle=true
Apr. 17, 2006
" The U.S. Internal Revenue Service is asking Symantec to pay $900 million in back taxes from last year's $10.25 billion acquisition of storage software vendor Veritas, the Cupertino, Calif.-based vendor revealed today. Symantec also said the IRS is seeking approximately $100 million, excluding penalties and interest, from an unrelated audit of the vendor for fiscal years 2003 and 2004. In a Securities and Exchange Commission filing, Symantec indicated it believes the IRS's claims are out of line with current tax laws and Treasury regulations, and plans to file a petition with the tax court to challenge the assessment. Symantec's shares have now lost nearly a third of their value since the Veritas acquisition, and the company recently announced the departure of three senior executives…"
- http://www.crn.com/showArticle.jhtml?artic…bleArticle=true
Apr. 17, 2006
" The U.S. Internal Revenue Service is asking Symantec to pay $900 million in back taxes from last year's $10.25 billion acquisition of storage software vendor Veritas, the Cupertino, Calif.-based vendor revealed today. Symantec also said the IRS is seeking approximately $100 million, excluding penalties and interest, from an unrelated audit of the vendor for fiscal years 2003 and 2004. In a Securities and Exchange Commission filing, Symantec indicated it believes the IRS's claims are out of line with current tax laws and Treasury regulations, and plans to file a petition with the tax court to challenge the assessment. Symantec's shares have now lost nearly a third of their value since the Veritas acquisition, and the company recently announced the departure of three senior executives…"