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Langberg: Options trouble at Mercury Interactive paints disturbing picture

Langberg: Options trouble at Mercury Interactive paints disturbing picture

by Rick Turoczy on July 6, 2006

You’d think all this bad news would be crushing to Mercury, a mid-sized company with about 3,000 employees.

But Mercury is profitable and, according to the current CEO on Wednesday, is growing faster than its competitors. Sales jumped to $843 million in 2005, from $686 million in 2004 and $506 million in 2003.

This means Mercury isn’t another Enron or WorldCom, where panicked executives were trying to hide massive business failure. But the options violations at Mercury and other valley companies could trigger more regulation, in the same way the collapse of Enron and WorldCom led directly to Sarbanes Oxley.

What’s more, Mercury has blown $70 million and untold hours of work time that could otherwise have gone to productive activity such as research and sales.

Langberg: Options trouble at Mercury Interactive paints disturbing picture

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