Brocade says IRS is looking at Foundry’s tax returns for last two years(0)
Brocade Communications dropped word into its quarterly 10-Q financial filing with the SEC today of an examination by the Internal Revenue Service of the last two tax returns filed by Foundry Networks, whose sale to Brocade was finalized Dec. 18.
The examinations, covering both the 2007 and 2006 tax years, began earlier this month. “As the audit has just begun,” the company reported, Read the rest of this entry »
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