Friday, September 29, 2006

Cap Gemini S A Now Has to Deliver for Stock Performance

Cap Gemini's stock moved up strongly from Euro 30 per share in November 2005 to the 45 in mid-2006 but then has been stuck in neutral mode. What gives?...

Business is good, according to the company and the general feeling among equity analysts. IT spending remains high for the most part. Cap Gemini SA's senior management painted a good upbeat picture in their recent US roadshow. The biggest issue is the margin as percentage of sales, which they are aggressively pitching, though this does seem realizable, given their increasing use of offshore resources, higher consulting rates all across the board, and better management of cost and personnel...

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Thursday, September 28, 2006

Accenture (NYSE:ACN)'s Health Improves as it Drops NHS Contract

Today’s news….Accenture (NYSE: ACN) walks away from its problem-plagued National Health Service Contract in the UK which it had secured in 2003. And it falls upon Computer Sciences Corporation (NYSE: CSC) to carry the ball for nine years. The agreement is worth close to $3.73 billion (GBP 1.97 billion). The work is to build a patient record IT system in the northeast and east of England, and is running behind schedule...



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KPMG Judge Wants to Know Who Leaked....

Judge Lewis Kaplan….tough and sometimes unpredictable….now demands to know who leaked an internal IRS email to the press. He is going deep, requiring affidavits from everyone involved in the case

Whodunit? Prosecution or Defense? And to what purpose. The document was apparently read over the phone to the New York Times who printed the story. The judge thinks this violates a protective order he issued in the case. The email is about tax shelters that KPMG promoted to wealthy clients...

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Wednesday, September 27, 2006

BearingPoint Delays 10-K, BE Shares Bearing Down

BearingPoint (NYSE: BE) reported last night that it will now delay filing its 2005 10-K after the State Supreme Court for New York County found that BE is in default on its 2.75% series B convertible subordinated debentures due 2024...


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Sunday, September 24, 2006

Peekaboo Regulators Creep Over The Pond


We hear that The Public Company Accounting Oversight Board (PCAOB or Peekaboo) has started to visit US-headquartered audit firms in London, UK, specifically BDO and Ernst and Young LLP to carry out inspections under Sarbanes-Oxley. Sarbox specifies that US regulators have to report every year on foreign audit firms which have more than 100 clients with U.S. listings. Further a report every three years is needed for those with less than 100 U.S.-listed clients...


Saturday, September 23, 2006

BearingPoint, Nothing Official, IT Expert from Down Under Blogs On


Some months ago, we looked at who is blogging from inside at the Big Four firms. Our survey indicated blogs at Accenture (NYSE: ACN), Cap Gemini SA, PricewaterhouseCoopers LLP, Deloitte & Touche LLP, and one by KPMG LLP's Chairman. At that time, we noticed the lack of publicly-oriented blogs at BearingPoint (NYSE: BE), Ernst & Young LLP . We checked again on the same topic for any changes in status, and here is what we found. Status Quo for the most part. Some blogs have definitely added more content and authors, and the Deloitte LLP and CapGemini SA in particular have regular postings from committed bloggers...




Thursday, September 21, 2006

Deloitte WINs with Honest, Engaging Blogs


Some months ago, we looked at who is blogging from inside at the Big Four firms. Our survey indicated blogs at Accenture (NYSE: ACN), Cap Gemini SA, PricewaterhouseCoopers LLP, Deloitte & Touche LLP, and one by KPMG LLP's Chairman. At that time, we noticed the lack of publicly-oriented blogs at BearingPoint (NYSE: BE), Ernst & Young LLP . We checked again on the same topic for any changes in status, and here is what we found. Status Quo for the most part. Some blogs have definitely added more content and authors, and the Deloitte LLP and CapGemini SA in particular have regular postings from committed bloggers. Recently, it has been brought to our attention that there is a BearingPoint blog in Australia, which we shall check out....




Wednesday, September 20, 2006

CapGemini Key CTOs Blog on Technology / People Intersections


Some months ago, we looked at who is blogging from inside at the Big Four firms. Our survey indicated blogs at Accenture (NYSE: ACN), Cap Gemini SA, PricewaterhouseCoopers LLP, Deloitte & Touche LLP, and one by KPMG LLP's Chairman. At that time, we noticed the lack of publicly-oriented blogs at BearingPoint (NYSE: BE), Ernst & Young LLP . We checked again on the same topic for any changes in status, and here is what we found. Status Quo for the most part. Some blogs have definitely added more content and authors, and the Deloitte and CapGemini in particular have regular postings from committed bloggers...


Accenture Blogs are Most Diverse, Development Program Blog Worth Reading

Some months ago, we looked at who is blogging from inside at the Big Four firms. Our survey indicated blogs at Accenture (NYSE: ACN), Capgemini, PricewaterhouseCoopers LLP, Deloitte & Touche LLP, and one by KPMG LLP's Chairman. At that time, we noticed the lack of publicly-oriented blogs at BearingPoint (NYSE: BE), Ernst & Young LLP . We checked again on the same topic for any changes in status, and here is what we found. Status Quo for the most part. Some blogs have definitely added more content and authors, and the Deloitte and CapGemini in particular have regular postings from committed bloggers.Today we look at Accenture, with others to follow....   



Tuesday, September 19, 2006

PwC People Blog On, Humanizing the Organization


Some months ago, we looked at who is blogging from inside at the Big Four firms. Our survey indicated blogs at Accenture (NYSE: ACN), Capgemini, PricewaterhouseCoopers LLP, Deloitte & Touche LLP, and one by KPMG LLP's Chairman. At that time, we noticed the lack of publicly-oriented blogs at BearingPoint (NYSE: BE), Ernst & Young LLP . We checked again on the same topic for any changes in status, and here is what we found. Status Quo for the most part. Some blogs have definitely added more content and authors, and the Deloitte and CapGemini in particular have regular postings from committed bloggers...



Sunday, September 17, 2006

BearingPoint: 10K Had Better Come Shortly!


So when is BearingPoint, Inc.'s (NYSE: BE) 2005 10K coming?


There is talk that this will now be coming in the next two weeks, provided of course, that BearingPoint, Inc. does not get to postponing it yet again. BearingPoint, Inc. has scheduled an investors' meeting on December 11th, 2006, so the 10K needs to come out soon, to give people enough time to get ready. The company came out in April 2006 with Q1-2006 results, and then...radio silence, as it skipped the business outlook presentation of July 2006. 10Q results for 2005 should come out in October 2006. When the 10 K comes out, BE (NYSE: BE) is expected to provide outlook on the business and financial results?...






Accenture Goes Dutch: Will Former Partners Bite?


Accenture (NYSE: ACN) recently announced it will be conducting a Dutch tender auction for $650 million with an option to cover for any over subscription of $773 million. This translates to 26.3 million shares or 30.9 million with includes over-subscription...









Thursday, September 07, 2006

KPMG May to Have Foot Legal Bills for Ex Employees


In the ongoing saga of the government' s case against ex KPMG employees on improper tax shelters, a new twist emerged yesterday with Judge Kaplan refusing to dismiss a lawsuit that the firm pay for legal charges for 16 former employees...





Big4 Great Places to Launch Careers


Business Week magazine just came out with their inaugural list of "Best Places to Launch a Career", and it validates something that all Big Four alumni know - starting at the right place makes all the difference. Big Four firms take 4 of the top 20 spots and 5 of the top 50 spots...