View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
September 25, 1997updated 03 Sep 2016 7:00pm


By CBR Staff Writer

The Securities and Exchange Commission has launched an investigation into the financial mess otherwise known as Informix Corp, according to a report in the San Francisco Chronicle. Earlier this week, Informix said that its ongoing financial audit revealed that it would be necessary to restate $200m in revenues from 1995 and $50m from 1996, up from an initial estimate of $70m to $100m for 1996 alone (CI No 3,252). For a company the size of Informix – it only posted $98m in net income for 1996 – overstating revenue by $200m has many doubting that all is as it should be in Menlo Park. To compound its problems, the Nasdaq National Market has suspended the company’s shares, pending a hearing to determine whether Informix meets the market’s financial requirements for continued listing. Informix refused to comment on the alleged SEC probe.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.