EPA Suspends IBM From Doing Business With Federal Agencies
IBMs market cap today is around $160B, with revenues of $98B reported in the last annual report (here). The trouble is related to suspicion at the US Environmental Protection Agency that IBM may have violated the Procurement Integrity Act in March 2006 bid. The temporary suspension applies to all Federal agencies and IBM business units. IBM may continue awards in existence as of the date of this suspension, unless a particular agency directs otherwise.
Sources:
- insidehpc.com
- www.environmentalleader.com
- rtfa.net
- www.themoneytimes.com
- pogoblog.typepad.com
- www.johnmwillis.com
Tags: 98b, annual report, business units, cap today, environmental protection agency, existence, ibm epa, market cap, procurement integrity act, suspicion, us environmental protection agency