At the begining of last week Taleo announced a restatement of their 3Q results due to revenue recognition issues. At which point the stock dropped from US$12.01 on Friday November 7 to US$7.83 by close on Tuesday November 11.
“Our auditors have asked us to re-evaluate the timing of certain elements of our revenue recognition,” said [...]
Michael Specht
A blog from Australia looking at technology, enterprise 2.0, management, Human Resources (HR) and recruitment.
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