Subject category:
Finance, Accounting and Control
Published by:
Harvard Business Publishing
Version: 10 November 1998
Length: 18 pages
Data source: Published sources
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Abstract
Kendall Square Research was a small competitor in the supercomputer industry. As sales grew rapidly in 1992 and early 1993, the company sold stock to the public for the first time and analysts forecast higher earnings for 1993. However, when the company's revenue recognition practices were questioned the answers were devastating.
Location:
Industry:
Size:
USD20 million revenues
Other setting(s):
1993
About
Abstract
Kendall Square Research was a small competitor in the supercomputer industry. As sales grew rapidly in 1992 and early 1993, the company sold stock to the public for the first time and analysts forecast higher earnings for 1993. However, when the company's revenue recognition practices were questioned the answers were devastating.
Settings
Location:
Industry:
Size:
USD20 million revenues
Other setting(s):
1993