The DOJ has launched a bribery probe on IBM (IBM +0.9%) regarding corruption allegations in...

The DOJ has launched a bribery probe on IBM (IBM +0.9%) regarding corruption allegations in Poland, Bangladesh, Argentina, and Ukraine, the company discloses in its Q1 10-Q. The probe comes on top of an SEC bribery case against IBM's activities in China and South Korea, which Big Blue is trying to settle. Separately, Warren Buffett says he won't be selling his IBM shares, and may buy more "from time to time." (Microsoft investigation)

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Comments (8)
  • brianhutch
    , contributor
    Comments (331) | Send Message
    If they are guilty of Bribery wait until they start forensic investigation into IBM's accounting methods .
    3 May 2013, 10:10 AM Reply Like
  • Transcend Asset
    , contributor
    Comments (1622) | Send Message
    I lost respect for Buffett years ago. He said he wouldn't buy what he doesn't understand. Nowadays, he buys tech stocks and issues comments like the above to protect his position. Also, ethics doesn't seem to matter to him. Just the bottom line. Buying GS and IBM under these conditions just further emphasizes that he's all about making money.
    3 May 2013, 11:53 AM Reply Like
  • chopchop0
    , contributor
    Comments (5268) | Send Message
    If anything, hopefully this bribery investigation is bullish like it was for WMT a year ago LOL.
    3 May 2013, 12:04 PM Reply Like
  • brianhutch
    , contributor
    Comments (331) | Send Message
    Buying a stock worth minus $12.72 stock after deducting goodwill for over $200 shows how much Dementia the 82 year old is suffering from .
    It is just one big bet on Bernanke's abilities to repair the structural damage caused by Bernanke and his predecessor Greenspan to the US economy .
    Their track record tells what the outcome will be .
    3 May 2013, 12:48 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (9070) | Send Message
    A lot of high profile people hold IBM, & on alpha there's plenty of contributors showing much higher stock value, so it's not Buffet showing dementia. (Why was it capitalized?)


    The stock market & economic moves right now in general are a bet on the usual institutions in combination with the Fed's moves. That doesn't mean dementia for Buffet or everyone else in the market.


    It's the Fed. Who knows what was a good move & what was poor. That's a whole separate topic unrelated to this article.


    Greenspan & Bernanke didn't act alone, & there is significant staff plus Congressional reports & feedback. Only time I've seen their names called out online was with a subtle intent of conspiracy theory (usually about them being Jewish) or some other similar silliness. Not saying that was remotely this poster's intent - just making sure that this doesn't go in that direction.
    4 May 2013, 11:10 AM Reply Like
  • mr_dinky_dot_bomb
    , contributor
    Comments (417) | Send Message
    Buffett finished 2011 with about 64 mil shares and the current count is about 68 mil so he has been adding about 1 mil shares per quarter. That's a rate of about 6% while IBM is reducing share count in the 4% - 5% rate.


    The constant baloney about IBM's book value is a joke.


    You can add back the contra Treasury Stock account -- IBM uses the cost method. The other canard brainhutch likes is to claim IBM would be in dire straights on its Treasury Account if IBM's stock headed much lower -- it would not be good for shareholders but the buybacks are carried on IBM's balance sheet at cost not market.


    The acid test for the quality of intangible assets is the underlying cash flows they produce. IBM's intangible assets pass the test.
    t has been HPQ and DELL who have made big acquisitions to buy R&D they have not done internally who probably have inflated assets on their balance sheets -- more than just Autonomy for HPQ. Big Blue's almost constant $6 bil a year of R&D and $4 - $5 bil of capital investment illustrates that IBM is a very tuff competitor. IBM is now no doubt the acquirer of choice compared to DELL or HPQ for tech start-ups who want a stable platform for their technology and their employees.


    The aforementioned poster seems to have an IBM fetish. He was probably shown the door.
    4 May 2013, 09:59 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (9070) | Send Message
    My first reaction - all likely places where bribery is part of regular business at the moment. Probably any sizable company investigated in those locations would show some signs of bribery, or be candidate for investigation by those who wanted to harass them.


    Either way, has nothing much to do with ethics, nor accounting methods.
    4 May 2013, 10:53 AM Reply Like
  • Momintn
    , contributor
    Comments (6083) | Send Message
    You missed the one IBM won.


    "USPS, IBM Beat Kiosk Patent Infringement Suit In Fed. Circ.


    Share us on:TwitterFacebookLink... Bill Donahue


    Law360, New York (May 08, 2013, 3:10 PM ET) -- The Federal Circuit ruled Wednesday that IBM Corp. and the U.S. Postal Service haven't infringed a patent for automated shipping by offering customers self-service postal kiosks, affirming a lower court's findings.


    The appeals court rejected arguments from Uship Intellectual Properties LLC that said a lower court judge had misconstrued a key aspect of the company's U.S. Patent Number 5,831,220, thereby leaving intact the judge's ruling that the kiosks — used by USPS and built by IBM — didn't infringe the patent."
    8 May 2013, 08:14 PM Reply Like
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