19 Oct '12, 2pm

Google’s Stock Takes Hit From Fat-Finger Mistake: Frenchwoman receives telephone bill for €11 721 000 000 000 00...

This week’s IT-related “ooftas” was a mixed bag, starting out with yesterday’s “fat-finger” mistake by R. R. Donnelley & Sons , the U.S. Securities and Exchange Commission (SEC) financial reporting filing agent for Google. Donnelley accidentally filed Google’s quarterly report some three hours before NASDAQ stock exchange trading ended instead of after the exchange had closed, the New York Times reported. Google’s report, which showed an unexpectedly large fall in earnings , led to a loss in Google’s stock price of nearly 8% by the end of the trading day. At one point, Google’s stock fell so much that trading on it was temporarily suspended. Although Google’s market capitalization dropped by $22 billion at one point, with its stock price at about $695 per share, no one is worried about the company’s immediate future – in fact, some analysts are seeing the mistake as creati...

Full article: http://spectrum.ieee.org/riskfactor/computing/it/googles-...

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go get em Sam!!! The Hit List: Desserts to Fall For! | Modern Luxury

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