back to article SEC charges VMware with hiding slowing sales from investors

VMware misled investors about its order backlog management processes that allowed it to roll revenue into future quarters by postponing product delivery dates to customers to conceal slowing sales relative to forecasts. This is the damning charge thrown at the virtualization linchpin by the Securities and Exchange Commission …

  1. FirstTangoInParis

    Hush money?

    So what is this 8 million then? Openly announced hush money? Handed over in the town square rather than in a darkened car park?

  2. Pascal Monett Silver badge

    "without admitting or denying the SEC's findings"

    You're paying.

    You've admitted.

    I am sick and tired of this PR bullshit.

    1. VoiceOfTruth Silver badge

      Re: "without admitting or denying the SEC's findings"

      It is corruption. Yet the USA loves to point accusing fingers at corruption overseas.

    2. Robert Grant Silver badge

      Re: "without admitting or denying the SEC's findings"

      The SEC is allowing them to settle. It should not be doing that.

  3. O RLY

    Who's the Chairman of the Board?

    Oh, right. This guy.

  4. Anonymous Coward
    Anonymous Coward

    This is illegal?

    Maybe not identically but, companies have been doing this forever with "discounts" and "promotions" since... ever. "Holiday sale", "Easter Sale", "Summer Sale"... any time I see a sale I think of a quarterly dump/pump.

  5. Marty McFly Silver badge

    Broadcom over paying??

    Hmmm.... Which set of books did Broadcom base their offer upon?

    Really need the popcorn icon, Reg. This could turn entertaining.

  6. FlamingDeath Silver badge


    “I Like Money” - Frito

  7. sketharaman

    Postpone or "Prepone"?

    When other companies advance ("prepone") delivery dates to obfuscate an otherwise slow quarter, how did VMware manage to achieve that effect by postponing delivery dates?

  8. NameisFake

    Been there

    They sandbagged and fudged selected rev categories (move ela rev to nsx as needed) the entire time I was there. Commissions were also paid during the period but keys weren’t made available until the next month began. When I asked why the patent response was “we didn’t need the revenue. It’s a good problem to have.”

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