Palm Claimed CFO Is A CPA; But License Expired In 1984

Contrary to previous public statements by the company, Palm CFO Douglas C. Jeffries has not been registered as a certified public accountant in the state of California since 1984, records from the California Board of Accountancy show.

In an 8-K filing announcing his appointment last December, Palm stated that Jefferies “is a certified public accountant.” Likewise, the company until this week stated in a bio on its Web site that “Douglas is a CPA.” The company on Tuesday changed the wording of bio following a query on the issue this week from Tech Trader Daily; the new language reads “Douglas was formerly a CPA.”

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