It wasn't first quarter

earnings results that lead to Phil White's abrupt resignation from his post as president, CEO and chairman of Informix Software Inc. No, industry insiders sayoand subsequent reports indicateothe trouble began in quarters prior when senior management played a little numbers game that boosted revenue figures. "It was not in fact one bad quarter," says Andrew Brosseau, director of research for Boston-based Cowen & Co, "but in fact several bad quarters that were hidden. They recognized revenues for products that were put into the channel that had not sold through yet, and (they) did not disclose that."

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