President Says “No SEC Rules for You”

According to MSNBC, on May 5, 2006, the president signed a memo granting John Negroponte the authority to excuse publicly traded companies from their usual accounting and securities obligations. Examples of these kind of obligations include, but are not limited to: Keeping accurate books, records and accounts Maintaining systems of internal controls via MSNBC

Now, I’m no accountant, but I do know what GAAP is and this seems really fishy to me. According to MSNBC, on May 5, 2006, the president signed a memo granting John Negroponte the authority to excuse publicly traded companies from their usual accounting and securities obligations. Apparently section 13[b][3][A] of the Securities Exchange Act of 1934 amendment allows for this. Examples of these kind of obligations include, but are not limited to:

  • Keeping accurate books, records and accounts
  • Maintaining systems of internal controls

via MSNBC

Sony UX Pics

After Sony announced a mystery program to generate similar hype to Microsoft’s Origami project, it appears jkOnTheRun has some great pictures of the device. That’s pretty exciting and if Sony gets this thumb style keyboard in conjunction with what looks like a thumb stick on the top right, this could be one killer UMPC.

After Sony announced a mystery program to generate similar hype to Microsoft’s Origami project, it appears jkOnTheRun has some great pictures of the device. Apparently this beast will have Bluetooth, WLAN and WWAN wireless capabilities. That’s pretty exciting and if Sony gets this thumb style keyboard in conjunction with what looks like a thumb stick on the top right, this could be one killer UMPC.