Taleo announces restatement & stock down 21%

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,”Continue reading “Taleo announces restatement & stock down 21%”