A technology blog for The Economist Group IT team

Tuesday, June 03, 2003

The Securities & Exchange Commission have started an investigation into the accuracy of IBM's accounts. The investigation is looking at the 2000 and 2001 numbers. PricewaterhouseCoopers, who audited IBM's accounts during these periods has made no comment. It is believed that the investigation relates to the division that sells point-of-sales equipment. The FTSE was down on opening on the back of this news.

Consolidation and divestment in the ERP business. Invensys have sold Baan and PeopleSoft have bought JD Edwards. The merged company will have some product overlaps, admitted PeopleSoft's CEO, Craig Conway, but would have very little overlap among users.

eAssist have also announced that they've bought bits of the bankrupt Divine. Recently ex-Northern Light CEO, David Suess, bought dSCI (formerly known as, you guessed it, Northern Light). OpenMarket still not sold as far as I know.
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