Can compliance-challenged Veritas sell compliance?

Can you sell regulatory compliance software and services when your own company has trouble meeting regulatory demands? That's the question Veritas CEO Gary Bloom must be asking himself this week.

Veritas yesterday delivered its much-anticipated 10-K filing to the US Securities and Exchange Commission (SEC). The software maker had twice delayed this fiscal year-end summary as it struggled to meet the first deadline of Sarbanes-Oxley (SOX). In particular, Veritas limped to meet Section 404 of SOX - the part dealing with internal controls and procedures for financial reporting.

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